GSA Capital Partners LLP Takes $1.04 Million Position in Duolingo, Inc. $DUOL

GSA Capital Partners LLP purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, Holdings Channel reports. The fund purchased 5,932 shares of the company’s stock, valued at approximately $1,041,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DUOL. NewEdge Advisors LLC raised its stake in shares of Duolingo by 1,868.2% in the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock valued at $134,000 after acquiring an additional 411 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Duolingo by 123.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock valued at $27,190,000 after acquiring an additional 48,451 shares during the period. Focus Partners Wealth raised its stake in shares of Duolingo by 28.3% in the 1st quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock valued at $628,000 after acquiring an additional 446 shares during the period. Amundi raised its stake in shares of Duolingo by 142.1% in the 2nd quarter. Amundi now owns 26,075 shares of the company’s stock valued at $10,352,000 after acquiring an additional 15,306 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in shares of Duolingo in the 2nd quarter valued at approximately $205,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Trading Down 1.1%

NASDAQ DUOL opened at $105.64 on Friday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $540.30. The stock has a market capitalization of $4.92 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.81 and a beta of 0.90. The firm has a 50 day moving average of $101.48 and a two-hundred day moving average of $139.35.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million during the quarter, compared to analysts’ expectations of $288.60 million. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s revenue was up 26.5% on a year-over-year basis. As a group, research analysts expect that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.

Insider Activity

In other Duolingo news, insider Robert Meese sold 1,420 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the transaction, the insider owned 170,745 shares in the company, valued at $19,150,759.20. The trade was a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the transaction, the insider owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This trade represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 9,506 shares of company stock worth $1,073,864. Insiders own 16.62% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of research analyst reports. Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Friday, February 27th. The Goldman Sachs Group reduced their price target on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Bank of America reissued a “neutral” rating and issued a $100.00 price target on shares of Duolingo in a research note on Friday, February 27th. Citigroup restated a “neutral” rating and issued a $101.00 price objective (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. Finally, Argus restated a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $195.94.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.