Catalyst Funds Management Pty Ltd Acquires New Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Catalyst Funds Management Pty Ltd purchased a new position in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,025 shares of the company’s stock, valued at approximately $657,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. True Wealth Design LLC bought a new position in Duolingo during the 3rd quarter valued at $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the 3rd quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo in the 4th quarter worth approximately $31,000. Global Retirement Partners LLC raised its holdings in shares of 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 purchasing an additional 113 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after purchasing an additional 46 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insider Activity at Duolingo

In other news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,251.04. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,499 shares of company stock valued at $29,162,568. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on DUOL shares. JPMorgan Chase & Co. upped their price target on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, February 28th. DA Davidson increased their price target on Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Needham & Company LLC lifted their price target on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. UBS Group upped their price objective on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Barclays lifted their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.00.

Duolingo Trading Up 4.1 %

Shares of NASDAQ:DUOL opened at $283.54 on Friday. The firm has a market capitalization of $12.83 billion, a P/E ratio of 154.94 and a beta of 0.92. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $350.03 and a two-hundred day moving average of $316.48.

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

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.