Mach 1 Financial Group LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Mach 1 Financial Group LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,095 shares of the company’s stock, valued at approximately $475,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bamco Inc. NY bought a new stake in Duolingo during the 3rd quarter valued at $39,000. FSC Wealth Advisors LLC bought a new position in Duolingo in the 4th quarter valued at about $39,000. Harvest Fund Management Co. Ltd acquired a new position in Duolingo during the 4th quarter valued at about $92,000. Headlands Technologies LLC raised its position in shares of Duolingo by 814.3% during the 4th quarter. Headlands Technologies LLC now owns 640 shares of the company’s stock worth $145,000 after buying an additional 570 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of Duolingo in the 3rd quarter worth approximately $157,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Price Performance

DUOL traded down $5.50 during midday trading on Wednesday, hitting $220.25. The company had a trading volume of 70,064 shares, compared to its average volume of 717,369. Duolingo, Inc. has a twelve month low of $116.82 and a twelve month high of $245.87. The firm’s 50-day simple moving average is $214.59 and its 200-day simple moving average is $204.24. The company has a market capitalization of $9.44 billion, a PE ratio of 663.99 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The company had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. Equities research analysts predict that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. Needham & Company LLC lifted their price objective on shares of Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. assumed coverage on shares of Duolingo in a report on Monday, March 11th. They set an “overweight” rating and a $270.00 target price for the company. Bank of America upped their price target on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group increased their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Duolingo has an average rating of “Hold” and an average target price of $245.13.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.62, for a total value of $1,786,200.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $12,860.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.67, for a total value of $1,429,360.00. Following the sale, the chief financial officer now owns 69,688 shares of the company’s stock, valued at approximately $12,451,154.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total value of $1,786,200.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $12,860.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,223 shares of company stock worth $23,682,665. Company insiders own 19.85% of the company’s stock.

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.