New Age Alpha Advisors LLC Acquires New Position in Duolingo, Inc. (NASDAQ:DUOL)

New Age Alpha Advisors LLC acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,082 shares of the company's stock, valued at approximately $2,620,000.

Several other institutional investors have also recently added to or reduced their stakes in DUOL. True Wealth Design LLC purchased a new position in shares of Duolingo during the third quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its holdings in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 113 shares during the period. Finally, Smithfield Trust Co boosted its holdings in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DUOL. Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research note on Tuesday, March 18th. Scotiabank started coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price target on the stock. Barclays boosted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. increased their target price on Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group initiated coverage on Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 price target for the company. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $377.08.

Duolingo Stock Down 9.4 %

Duolingo stock traded down $31.78 during midday trading on Thursday, hitting $305.78. 353,524 shares of the company were exchanged, compared to its average volume of 721,295. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company's fifty day moving average price is $346.76 and its 200-day moving average price is $325.86. The company has a market cap of $13.83 billion, a PE ratio of 167.09 and a beta of 0.92.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 2,667 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. This represents a 2.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Monday, January 6th. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at approximately $24,208.56. This trade represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,332 shares of company stock valued at $33,880,107 in the last ninety days. Insiders own 18.30% of the company's stock.

About Duolingo

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.