Lisanti Capital Growth LLC Decreases Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Lisanti Capital Growth LLC decreased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,915 shares of the company’s stock after selling 9,575 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Duolingo were worth $3,383,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. 9258 Wealth Management LLC lifted its stake in Duolingo by 4.4% in the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after buying an additional 65 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in Duolingo by 0.8% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock valued at $2,003,000 after buying an additional 72 shares in the last quarter. Xponance Inc. lifted its stake in Duolingo by 4.8% in the 4th quarter. Xponance Inc. now owns 1,774 shares of the company’s stock valued at $402,000 after buying an additional 82 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in Duolingo by 6.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock valued at $382,000 after buying an additional 100 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Duolingo by 4.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company’s stock valued at $647,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Trading Up 3.4 %

Shares of DUOL stock traded up $8.20 on Monday, reaching $248.20. 863,703 shares of the stock were exchanged, compared to its average volume of 727,051. The stock has a market cap of $10.64 billion, a P/E ratio of 730.00 and a beta of 0.82. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $217.86 and a two-hundred day moving average of $205.56. Duolingo, Inc. has a 1-year low of $121.89 and a 1-year high of $251.30.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 EPS 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 business had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. On average, research analysts anticipate that Duolingo, Inc. will post 1.38 EPS for the current year.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Barclays boosted their price target on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Bank of America boosted their price target on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Piper Sandler boosted their price target on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group boosted their price target on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $245.13.

Insider Buying and Selling

In related news, CEO Ahn Luis Von sold 13,600 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $180.07, for a total transaction of $270,105.00. Following the completion of the sale, the insider now directly owns 129,188 shares of the company’s stock, valued at approximately $23,262,883.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 13,600 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The disclosure for this sale can be found here. In the last three months, insiders sold 125,223 shares of company stock valued at $27,171,605. Company insiders own 19.85% of the company’s stock.

Duolingo 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.