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

New Age Alpha Advisors LLC purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,082 shares of the company’s stock, valued at approximately $2,620,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of Duolingo during the 3rd quarter worth $105,000. Townsquare Capital LLC acquired a new stake in Duolingo during the third quarter worth about $277,000. Glenmede Trust Co. NA bought a new position in Duolingo in the 3rd quarter valued at about $243,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Duolingo in the 3rd quarter valued at approximately $717,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Duolingo during the 3rd quarter worth approximately $1,180,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DUOL shares. Piper Sandler boosted their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their price target on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report 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 research note on Tuesday, March 18th. UBS Group set a $400.00 target price on Duolingo in a research note on Tuesday, March 18th. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $377.08.

Duolingo Stock Performance

Shares of Duolingo stock opened at $315.00 on Friday. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 172.13 and a beta of 0.92. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company’s fifty day moving average is $347.74 and its 200 day moving average is $323.80. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its quarterly 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). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Robert Meese sold 5,351 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02. Following the sale, the insider now directly owns 133,805 shares of the company’s stock, valued at approximately $42,820,276.10. This represents a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the insider now directly owns 72 shares of the company’s stock, valued at $24,208.56. This represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,850 shares of company stock valued at $34,389,695. 18.30% of the stock is currently owned by company insiders.

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.