Polar Asset Management Partners Inc. Buys Shares of 9,459 Duolingo, Inc. $DUOL

Polar Asset Management Partners Inc. purchased a new position in Duolingo, Inc. (NASDAQ:DUOL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,459 shares of the company’s stock, valued at approximately $3,044,000.

Several other large investors also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Duolingo by 3.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after acquiring an additional 32 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after purchasing an additional 39 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Duolingo by 22.2% in the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 220 shares of the company’s stock worth $71,000 after purchasing an additional 40 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Duolingo by 82.2% during the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares during the period. Finally, Smithfield Trust Co boosted its position in Duolingo by 35.4% during the third quarter. Smithfield Trust Co now owns 237 shares of the company’s stock worth $76,000 after purchasing an additional 62 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup reissued a “neutral” rating and issued a $101.00 price target (down from $270.00) on shares of Duolingo in a research report on Friday, February 27th. Argus reiterated a “hold” rating on shares of Duolingo in a report on Wednesday. Evercore reissued a “hold” rating and set a $114.00 target price on shares of Duolingo in a research report on Friday, February 27th. UBS Group set a $245.00 price target on shares of Duolingo in a report on Monday, January 5th. Finally, Barclays lowered their price target on Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $206.32.

Insider Buying and Selling at Duolingo

In related news, CFO Matthew Skaruppa sold 3,986 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.52, for a total value of $452,490.72. Following the sale, the chief financial officer owned 31,631 shares of the company’s stock, valued at $3,590,751.12. The trade was a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,901 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total transaction of $215,307.26. Following the completion of the transaction, the general counsel directly owned 30,545 shares of the company’s stock, valued at $3,459,526.70. This trade represents a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,939 shares of company stock worth $1,676,291 in the last 90 days. 15.67% of the stock is currently owned by insiders.

Duolingo Stock Performance

NASDAQ:DUOL opened at $99.61 on Friday. The firm’s 50-day moving average is $122.26 and its 200-day moving average is $202.21. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.61 and a current ratio of 2.61. Duolingo, Inc. has a 52-week low of $91.99 and a 52-week high of $544.93.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 26th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.12. The business had revenue of $282.87 million during the quarter, compared to analysts’ expectations of $275.95 million. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The business’s revenue was up 35.0% on a year-over-year basis. Equities research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.