Proficio Capital Partners LLC Makes New $3.89 Million Investment in Duolingo, Inc. (NASDAQ:DUOL)

Proficio Capital Partners LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,997 shares of the company's stock, valued at approximately $3,890,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC bought a new stake in Duolingo in the 3rd quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. acquired a new position in Duolingo during the 3rd quarter worth approximately $29,000. Global Retirement Partners LLC increased its position in Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 113 shares during the period. Finally, Smithfield Trust Co increased its position in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after acquiring an additional 46 shares during the period. Institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DUOL. Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $400.00 to $410.00 and gave the company an "overweight" rating in a report on Friday, February 28th. DA Davidson raised their price objective on shares of Duolingo from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, February 28th. UBS Group set a $400.00 price objective on shares of Duolingo in a report on Tuesday. Finally, Barclays lifted their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $376.25.

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Insider Activity

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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,499 shares of company stock worth $28,144,768. 18.30% of the stock is currently owned by insiders.

Duolingo Price Performance

DUOL traded up $3.13 during trading on Friday, reaching $309.30. 866,322 shares of the company traded hands, compared to its average volume of 700,667. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The firm has a fifty day simple moving average of $347.77 and a 200 day simple moving average of $318.22. The company has a market cap of $13.99 billion, a P/E ratio of 169.02 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 the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Duolingo Company 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.