NWK Group Inc. Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

NWK Group Inc. purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,501 shares of the company's stock, valued at approximately $3,405,000. Duolingo accounts for approximately 1.3% of NWK Group Inc.'s portfolio, making the stock its 26th largest position.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the fourth quarter valued at $31,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 113 shares during the last quarter. Smithfield Trust Co grew its position in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after buying an additional 46 shares during the period. Finally, R Squared Ltd purchased a new stake in Duolingo during the fourth quarter valued at approximately $55,000. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Performance

NASDAQ:DUOL traded up $33.66 during mid-day trading on Wednesday, hitting $370.00. The company's stock had a trading volume of 1,104,077 shares, compared to its average volume of 715,088. The business's fifty day moving average is $329.31 and its two-hundred day moving average is $330.80. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of 202.19 and a beta of 0.91. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. 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 (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Insiders sold 84,868 shares of company stock valued at $28,754,200 over the last 90 days. 18.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JMP Securities restated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Piper Sandler boosted their price objective on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Scotiabank dropped their target price on shares of Duolingo from $425.00 to $405.00 and set a "sector outperform" rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $376.15.

Duolingo Profile

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.