Kovack Advisors Inc. Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Kovack Advisors Inc. purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,135 shares of the company’s stock, valued at approximately $257,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bamco Inc. NY acquired a new position in Duolingo during the third quarter worth approximately $39,000. FSC Wealth Advisors LLC acquired a new stake in Duolingo during the 4th quarter worth approximately $39,000. Harvest Fund Management Co. Ltd purchased a new position in Duolingo in the fourth quarter valued at approximately $92,000. Whittier Trust Co. acquired a new position in Duolingo during the third quarter valued at approximately $157,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Duolingo during the third quarter valued at approximately $210,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DUOL shares. UBS Group lifted their target price on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 29th. The Goldman Sachs Group boosted their price target on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research report on Thursday, February 29th. Bank of America lifted their price objective on shares of Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Barclays upped their target price on shares of Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Finally, Needham & Company LLC lifted their price target 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. One investment 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 data from MarketBeat, Duolingo presently has a consensus rating of “Hold” and an average target price of $245.13.

Duolingo Price Performance

Shares of DUOL opened at $228.94 on Tuesday. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 673.37 and a beta of 0.84. Duolingo, Inc. has a 52 week low of $116.82 and a 52 week high of $245.87. The stock has a 50 day moving average of $213.67 and a 200-day moving average of $203.78.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. As a group, analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current year.

Insider Activity

In related news, insider Severin Hacker sold 10,000 shares of the business’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 sale, the insider now directly owns 72 shares in the company, valued at approximately $12,860.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction 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 in the company, valued at approximately $12,860.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total value of $270,105.00. Following the sale, the insider now directly owns 129,188 shares in the company, valued at $23,262,883.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,223 shares of company stock worth $23,682,665. Corporate 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.