Magnetar Financial LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,677 shares of the company's stock, valued at approximately $544,000.
Several other institutional investors and hedge funds have also bought and sold shares of DUOL. Atria Investments Inc purchased a new position in shares of Duolingo during the 3rd quarter valued at $279,000. CIBC Asset Management Inc lifted its holdings in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company's stock valued at $299,000 after purchasing an additional 32 shares during the last quarter. Quest Partners LLC purchased a new stake in Duolingo during the third quarter valued at about $105,000. Pathstone Holdings LLC boosted its position in Duolingo by 15.3% during the third quarter. Pathstone Holdings LLC now owns 5,242 shares of the company's stock worth $1,478,000 after purchasing an additional 694 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Duolingo by 5.8% in the third quarter. PNC Financial Services Group Inc. now owns 5,118 shares of the company's stock worth $1,443,000 after purchasing an additional 280 shares in the last quarter. 91.59% of the stock is owned by institutional investors.
Duolingo Trading Up 1.9 %
Shares of NASDAQ:DUOL traded up $6.27 on Tuesday, reaching $336.27. 236,811 shares of the company traded hands, compared to its average volume of 702,187. The stock has a market capitalization of $15.21 billion, a P/E ratio of 183.76 and a beta of 0.92. The business's 50-day simple moving average is $347.86 and its 200 day simple moving average is $321.31. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77.
Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a report on Tuesday, March 18th. UBS Group set a $400.00 target price on Duolingo in a report on Tuesday, March 18th. Scotiabank assumed coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective for the company. Finally, Needham & Company LLC raised their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and a consensus target price of $376.25.
Read Our Latest Stock Report on Duolingo
Insider Transactions at Duolingo
In other Duolingo news, insider Natalie Glance sold 9,020 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now owns 130,733 shares of the company's stock, valued at $37,989,702.47. This represents a 6.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,499 shares of company stock worth $32,677,268. Insiders own 18.30% of the company's stock.
Duolingo Company Profile
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Free Report)
Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.
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