Cynosure Group LLC Buys 4,224 Shares of Duolingo, Inc. $DUOL

Cynosure Group LLC boosted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 523.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,031 shares of the company’s stock after purchasing an additional 4,224 shares during the period. Cynosure Group LLC’s holdings in Duolingo were worth $883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DUOL. NewEdge Advisors LLC lifted its position in Duolingo by 1,868.2% during the first quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock valued at $134,000 after purchasing an additional 411 shares during the period. Goldman Sachs Group Inc. lifted its position in Duolingo by 123.9% during the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock valued at $27,190,000 after purchasing an additional 48,451 shares during the period. Focus Partners Wealth increased its holdings in Duolingo by 28.3% during the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock valued at $628,000 after buying an additional 446 shares during the last quarter. Amundi increased its holdings in Duolingo by 142.1% during the second quarter. Amundi now owns 26,075 shares of the company’s stock valued at $10,352,000 after buying an additional 15,306 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in Duolingo during the second quarter valued at approximately $205,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of research reports. Truist Financial cut shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Friday, February 27th. DA Davidson upped their target price on shares of Duolingo from $90.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Citigroup reaffirmed a “neutral” rating and set a $101.00 target price (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. The Goldman Sachs Group reduced their target price on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings cut shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $197.61.

Duolingo Price Performance

DUOL stock opened at $127.06 on Tuesday. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $489.00. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $106.69 and a two-hundred day simple moving average of $129.40. The firm has a market capitalization of $5.92 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 0.93 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $288.60 million. During the same quarter last year, the business earned $0.72 earnings per share. Duolingo’s quarterly revenue was up 26.5% compared to the same quarter last year. Analysts anticipate that Duolingo, Inc. will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,977 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the sale, the general counsel owned 52,807 shares in the company, valued at approximately $5,999,403.27. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 9,506 shares of company stock worth $1,073,864 over the last 90 days. 16.62% of the stock is owned by insiders.

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.