RIA Advisory Group LLC Purchases New Shares in Duolingo, Inc. (NASDAQ:DUOL)

RIA Advisory Group LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,478 shares of the company’s stock, valued at approximately $1,243,000.

Several other large investors have also recently made changes to their positions in DUOL. Redhawk Wealth Advisors Inc. grew its stake in shares of Duolingo by 0.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after acquiring an additional 72 shares during the period. Xponance Inc. grew its stake in shares of Duolingo by 4.8% during the 4th quarter. Xponance Inc. now owns 1,774 shares of the company’s stock worth $402,000 after acquiring an additional 82 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Duolingo by 4.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company’s stock worth $647,000 after acquiring an additional 165 shares during the period. FSC Wealth Advisors LLC bought a new position in Duolingo in the 4th quarter worth about $39,000. Finally, Victory Capital Management Inc. boosted its stake in Duolingo by 6.6% in the 3rd quarter. Victory Capital Management Inc. now owns 3,732 shares of the company’s stock worth $619,000 after purchasing an additional 232 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Needham & Company LLC raised their target price on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Bank of America raised their target price on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. UBS Group raised their target price on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. The Goldman Sachs Group raised their target price on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research note on Thursday, February 29th. Finally, Piper Sandler raised their target price on Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $245.13.

Duolingo Trading Down 2.4 %

Shares of DUOL stock traded down $4.91 during trading hours on Friday, reaching $200.15. The company’s stock had a trading volume of 6,530,990 shares, compared to its average volume of 727,609. The stock has a market capitalization of $8.58 billion, a P/E ratio of 603.14 and a beta of 0.83. Duolingo, Inc. has a one year low of $116.82 and a one year high of $245.87. The firm’s fifty day simple moving average is $209.73 and its 200 day simple moving average is $200.98. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The firm had revenue of $150.99 million for the quarter, compared to analyst estimates of $146.98 million. Equities research analysts expect that Duolingo, Inc. will post 1.38 EPS for the current year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the transaction, the insider now owns 124,505 shares in the company, valued at $26,812,151.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the transaction, the insider now owns 124,505 shares in the company, valued at $26,812,151.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $178.62, for a total value of $1,786,200.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $12,860.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,223 shares of company stock valued at $23,682,665. 19.85% of the stock is currently owned by corporate insiders.

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.