ExodusPoint Capital Management LP Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

ExodusPoint Capital Management LP acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,218 shares of the company’s stock, valued at approximately $5,258,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DUOL. Catalyst Capital Advisors LLC purchased a new position in shares of Duolingo during the 4th quarter worth $1,994,000. Taika Capital LP purchased a new position in Duolingo during the fourth quarter worth about $2,697,000. Lecap Asset Management Ltd. acquired a new stake in shares of Duolingo during the fourth quarter valued at about $429,000. Diversified Trust Co purchased a new stake in shares of Duolingo in the 4th quarter valued at approximately $784,000. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Duolingo by 6.1% in the 4th quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock worth $323,000 after acquiring an additional 57 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 analysts have issued reports on DUOL shares. JPMorgan Chase & Co. boosted their target price on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a report on Tuesday, March 18th. Needham & Company LLC boosted their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Piper Sandler raised 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. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.08.

Duolingo Price Performance

Duolingo stock opened at $292.88 on Friday. The stock has a market cap of $13.25 billion, a P/E ratio of 160.04 and a beta of 0.91. The company has a fifty day simple moving average of $345.60 and a 200-day simple moving average of $326.77. 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 12-month low of $145.05 and a 12-month high of $441.77.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Equities analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $24,208.56. This represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 3,482 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the transaction, the insider now directly owns 127,251 shares in the company, valued at $40,668,147.09. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,332 shares of company stock valued at $33,880,107 over the last three months. 18.30% of the stock is owned by corporate 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.