Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lessened its position in Duolingo, Inc. (NASDAQ:DUOL) by 5.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,659 shares of the company’s stock after selling 423 shares during the period. New Age Alpha Advisors LLC’s holdings in Duolingo were worth $2,378,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in Duolingo in the first quarter valued at $25,000. Quarry LP grew its holdings in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares during the period. Garde Capital Inc. purchased a new position in Duolingo during the first quarter worth approximately $31,000. Whittier Trust Co. purchased a new stake in shares of Duolingo during the 1st quarter valued at $33,000. Finally, Versant Capital Management Inc raised its position in shares of Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock worth $34,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $360.33, for a total transaction of $3,603,300.00. Following the sale, the insider owned 72 shares in the company, valued at $25,943.76. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 40,000 shares of company stock worth $17,495,200 over the last quarter. Company insiders own 15.67% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of research reports. DA Davidson cut their price objective on Duolingo from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, June 25th. Barclays lifted their price target on shares of Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Piper Sandler set a $375.00 price objective on shares of Duolingo in a research note on Friday, May 2nd. Argus initiated coverage on shares of Duolingo in a research note on Wednesday, June 25th. They issued a “buy” rating and a $575.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Duolingo from $340.00 to $403.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $450.87.

Duolingo Price Performance

DUOL stock opened at $343.61 on Thursday. The stock’s 50 day moving average is $416.29 and its two-hundred day moving average is $391.44. Duolingo, Inc. has a 52-week low of $161.09 and a 52-week high of $544.93. The company has a market capitalization of $15.62 billion, a PE ratio of 169.27, a P/E/G ratio of 2.61 and a beta of 0.87. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue was up 41.5% compared to the same quarter last year. Analysts predict that Duolingo, Inc. will post 2.03 earnings per share 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.