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

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

Several other institutional investors also recently added to or reduced their stakes in DUOL. AlphaCentric Advisors LLC purchased a new position in Duolingo in the 4th quarter worth about $33,000. Caitong International Asset Management Co. Ltd purchased a new position in Duolingo in the 4th quarter worth about $43,000. KERR FINANCIAL PLANNING Corp purchased a new position in Duolingo in the 3rd quarter worth about $47,000. Advisors Asset Management Inc. increased its stake in Duolingo by 152.5% in the 4th quarter. Advisors Asset Management Inc. now owns 298 shares of the company’s stock worth $52,000 after buying an additional 180 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Duolingo by 59.1% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 350 shares of the company’s stock worth $61,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 3.6%

Shares of Duolingo stock opened at $127.06 on Tuesday. The firm’s 50 day moving average price is $106.69 and its 200-day moving average price is $129.40. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $489.00. The company has a market cap of $5.92 billion, a P/E ratio of 14.62, a PEG ratio of 0.93 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, sell-side analysts predict that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $159,267.20. Following the completion of the sale, the insider directly owned 170,745 shares in the company, valued at $19,150,759.20. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Duolingo stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 in the last three months. Corporate insiders own 16.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DUOL. The Goldman Sachs Group reduced their price target on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research report on Friday, February 27th. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley cut their target price on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 5th. Finally, Scotiabank reissued a “sector perform” rating and set a $100.00 target price (down from $300.00) on shares of Duolingo in a research report on Friday, February 27th. Three analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $197.61.

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.