Proem Advisors LLC Sells 100,750 Shares of Duolingo, Inc. $DUOL

Proem Advisors LLC trimmed its position in Duolingo, Inc. (NASDAQ:DUOL) by 86.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,250 shares of the company’s stock after selling 100,750 shares during the quarter. Duolingo makes up 0.3% of Proem Advisors LLC’s holdings, making the stock its 25th largest position. Proem Advisors LLC’s holdings in Duolingo were worth $2,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in shares of Duolingo in the 3rd quarter valued at about $32,000. Farther Finance Advisors LLC raised its holdings in shares of Duolingo by 82.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after purchasing an additional 60 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Duolingo in the 3rd quarter valued at about $47,000. Cornerstone Planning Group LLC raised its holdings in shares of Duolingo by 8,900.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock valued at $58,000 after purchasing an additional 178 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in shares of Duolingo by 59.1% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 350 shares of the company’s stock valued at $61,000 after purchasing an additional 130 shares during the period. 91.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director James H. Shelton purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $99.76 per share, for a total transaction of $498,800.00. Following the purchase, the director owned 9,632 shares in the company, valued at approximately $960,888.32. This represents a 107.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Meese sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total transaction of $110,060.00. Following the completion of the transaction, the insider owned 122,636 shares in the company, valued at approximately $13,497,318.16. This trade represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,939 shares of company stock worth $1,676,291 in the last 90 days. Corporate insiders own 16.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Evercore set a $97.00 target price on shares of Duolingo in a report on Tuesday, May 5th. Weiss Ratings cut shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. BMO Capital Markets upgraded shares of Duolingo to a “buy” rating in a research note on Monday, January 12th. Finally, DA Davidson upped their price target on shares of Duolingo from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $195.94.

Duolingo Stock Down 2.6%

Shares of DUOL opened at $105.15 on Tuesday. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $544.93. The firm has a market cap of $4.94 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.83 and a beta of 0.90. The firm’s 50-day simple moving average is $100.02 and its 200 day simple moving average is $149.69. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The business had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. During the same quarter in the prior year, the business earned $0.72 EPS. Duolingo’s quarterly revenue was up 26.5% on a year-over-year basis. On average, analysts forecast that Duolingo, Inc. will post 2.78 earnings per share for the current year.

Duolingo Company Profile

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.