Versor Investments LP Sells 128 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Versor Investments LP lessened its stake in Duolingo, Inc. (NASDAQ:DUOL) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,009 shares of the company’s stock after selling 128 shares during the quarter. Versor Investments LP’s holdings in Duolingo were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DUOL. True Wealth Design LLC bought a new stake in Duolingo during the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the third quarter valued at approximately $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Duolingo during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its position in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in 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 acquiring an additional 113 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $295.23 on Tuesday. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 161.33 and a beta of 0.89. 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 50 day moving average of $358.86 and a 200 day moving average of $312.43.

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

Insider Buying and Selling at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the transaction, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,639 shares of company stock valued at $105,445,057. Company insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

DUOL has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Piper Sandler lifted their price objective on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday. Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Needham & Company LLC raised their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday. Finally, DA Davidson lifted their price target on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $375.00.

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.