Zacks Investment Management Sells 269 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Zacks Investment Management trimmed its stake in Duolingo, Inc. (NASDAQ:DUOL) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,464 shares of the company’s stock after selling 269 shares during the period. Zacks Investment Management’s holdings in Duolingo were worth $3,393,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DUOL. Marshall Wace LLP grew its holdings in shares of Duolingo by 36.6% in the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company’s stock worth $126,042,000 after purchasing an additional 104,114 shares during the last quarter. Bridgewater Associates LP grew its stake in Duolingo by 962.6% during the fourth quarter. Bridgewater Associates LP now owns 30,613 shares of the company’s stock worth $9,926,000 after buying an additional 27,732 shares during the last quarter. Ontario Teachers Pension Plan Board increased its holdings in shares of Duolingo by 170.6% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 2,720 shares of the company’s stock worth $882,000 after buying an additional 1,715 shares in the last quarter. Mariner LLC raised its stake in shares of Duolingo by 7.2% in the fourth quarter. Mariner LLC now owns 5,471 shares of the company’s stock valued at $1,774,000 after acquiring an additional 369 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Duolingo by 9.1% in the 4th quarter. Barclays PLC now owns 46,509 shares of the company’s stock worth $15,079,000 after acquiring an additional 3,896 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Duolingo from $410.00 to $360.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Piper Sandler lifted their price target on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. The Goldman Sachs Group increased their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. DA Davidson boosted their target price on shares of Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Finally, JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Seven investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $372.92.

Insiders Place Their Bets

In other Duolingo news, CFO Matthew Skaruppa sold 3,284 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the sale, the chief financial officer now directly owns 59,982 shares in the company, valued at approximately $26,108,964.96. This trade represents a 5.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,868 shares of company stock worth $32,093,700. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Up 0.0 %

NASDAQ:DUOL opened at $326.50 on Friday. The stock’s fifty day simple moving average is $333.97 and its 200-day simple moving average is $329.58. The firm has a market capitalization of $14.77 billion, a P/E ratio of 178.42 and a beta of 0.91. The company has a quick ratio of 3.09, a current 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 posted its earnings results 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). The company had revenue of $209.55 million for the quarter, compared to analyst estimates 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 year.

About Duolingo

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.