Proficio Capital Partners LLC Takes $3.89 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Proficio Capital Partners LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,997 shares of the company’s stock, valued at approximately $3,890,000.

A number of other hedge funds have also modified their holdings of the company. FMR LLC lifted its stake in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after acquiring an additional 564,173 shares in the last quarter. State Street Corp raised its holdings in shares of Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after purchasing an additional 36,923 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Duolingo by 2.5% in the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after purchasing an additional 16,481 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Duolingo by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock worth $112,330,000 after purchasing an additional 4,171 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in Duolingo by 63.6% during the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after purchasing an additional 76,875 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Up 3.8 %

DUOL stock opened at $294.18 on Tuesday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The business’s 50 day simple moving average is $349.18 and its 200 day simple moving average is $317.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $13.31 billion, a PE ratio of 160.75 and a beta of 0.92.

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

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the sale, the insider now directly owns 129,572 shares in the company, valued at $56,400,100.16. The trade was a 2.02 % 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 the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total value of $3,368,200.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at approximately $24,251.04. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,499 shares of company stock worth $29,162,568. Insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several analyst reports. Scotiabank started coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Needham & Company LLC upped their target price on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. The Goldman Sachs Group increased their price target on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, UBS Group increased their price objective on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average target price of $375.00.

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.