Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC raised its stake in Duolingo, Inc. (NASDAQ:DUOL) by 155.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,248 shares of the company’s stock after purchasing an additional 1,369 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Duolingo were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Duolingo in the 4th quarter valued at approximately $657,000. Left Brain Wealth Management LLC purchased a new position in Duolingo in the fourth quarter valued at $1,126,000. Northwest Wealth Management LLC acquired a new stake in Duolingo in the fourth quarter valued at $271,000. Commonwealth Equity Services LLC lifted its holdings in Duolingo by 119.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,931 shares of the company’s stock worth $1,275,000 after buying an additional 2,138 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Duolingo by 8.0% during the 4th quarter. Swiss National Bank now owns 66,200 shares of the company’s stock worth $21,464,000 after acquiring an additional 4,900 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Price Performance

Duolingo stock opened at $283.54 on Monday. The business has a 50 day simple moving average of $350.03 and a 200-day simple moving average of $317.28. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month 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. The stock has a market capitalization of $12.83 billion, a PE ratio of 154.94 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last released its 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 return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DUOL. DA Davidson boosted their target price on Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Piper Sandler lifted their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Jefferies Financial Group started 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. Finally, Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $375.00.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares of the company’s stock, valued at $15,069,946.08. This represents a 5.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $24,251.04. This trade represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,499 shares of company stock valued at $29,162,568. 18.30% of the stock is owned by corporate insiders.

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.