Diversify Advisory Services LLC Reduces Position in Duolingo, Inc. $DUOL

Diversify Advisory Services LLC lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 85.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,424 shares of the company’s stock after selling 8,412 shares during the quarter. Diversify Advisory Services LLC’s holdings in Duolingo were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of DUOL. NewEdge Advisors LLC boosted its stake in shares of Duolingo by 1,868.2% during the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after acquiring an additional 411 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Duolingo by 123.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after acquiring an additional 48,451 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Duolingo by 28.3% during the 1st quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after acquiring an additional 446 shares during the last quarter. Amundi boosted its stake in shares of Duolingo by 142.1% during the 2nd quarter. Amundi now owns 26,075 shares of the company’s stock worth $10,352,000 after acquiring an additional 15,306 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new position in shares of Duolingo during the 2nd quarter worth $205,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

NASDAQ:DUOL opened at $103.45 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $4.78 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.69 and a beta of 0.89. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $544.93. The business’s 50-day moving average is $102.40 and its 200 day moving average is $175.03.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 26th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. The company had revenue of $282.87 million for the quarter, compared to the consensus estimate of $275.95 million. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.Duolingo’s quarterly revenue was up 35.0% compared to the same quarter last year. On average, equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several analyst reports. Needham & Company LLC lowered their price target on shares of Duolingo from $300.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Bank of America reaffirmed a “neutral” rating and set a $100.00 price target on shares of Duolingo in a report on Friday, February 27th. Argus reaffirmed a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Friday, February 27th. Finally, Evercore reaffirmed a “hold” rating and set a $114.00 price target on shares of Duolingo in a report on Friday, February 27th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $206.32.

Insider Buying and Selling

In related news, insider Natalie Glance sold 3,545 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.51, for a total value of $402,392.95. Following the sale, the insider directly owned 115,380 shares in the company, valued at approximately $13,096,783.80. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 3,986 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the sale, the chief financial officer owned 31,631 shares in the company, valued at $3,590,751.12. This represents a 11.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,939 shares of company stock valued at $1,676,291 in the last ninety days. Company insiders own 15.67% of the company’s stock.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.