Cynosure Group LLC Cuts Position in Duolingo, Inc. (NASDAQ:DUOL)

Cynosure Group LLC cut its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 40.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 832 shares of the company’s stock after selling 568 shares during the period. Cynosure Group LLC’s holdings in Duolingo were worth $270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo in the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd raised its stake in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after buying an additional 113 shares during the last quarter. Smithfield Trust Co grew its position in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after buying an additional 46 shares during the period. Finally, R Squared Ltd purchased a new stake in Duolingo during the fourth quarter worth about $55,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Down 6.7 %

DUOL opened at $292.88 on Friday. The company has a fifty day moving average price of $345.60 and a 200-day moving average price of $326.19. The firm has a market capitalization of $13.25 billion, a P/E ratio of 160.04 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. JMP Securities restated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Barclays increased their price target on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Duolingo from $400.00 to $410.00 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.08.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 2,667 shares of the 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 transaction, the insider now owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 72 shares in the company, valued at $24,208.56. The trade was a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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.