Wealth Enhancement Advisory Services LLC Acquires 1,505 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 74.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,518 shares of the company’s stock after buying an additional 1,505 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Duolingo were worth $1,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in shares of Duolingo during the 4th quarter valued at about $1,994,000. Taika Capital LP bought a new stake in Duolingo during the fourth quarter valued at approximately $2,697,000. BNP Paribas Financial Markets bought a new stake in Duolingo during the fourth quarter valued at approximately $9,708,000. Lecap Asset Management Ltd. purchased a new position in Duolingo in the 4th quarter worth approximately $429,000. Finally, Redwood Investment Management LLC bought a new position in shares of Duolingo in the 4th quarter worth $1,429,000. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on DUOL shares. Evercore ISI raised their price objective on shares of Duolingo from $400.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. The Goldman Sachs Group upped their price objective on Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Piper Sandler set a $375.00 price objective on Duolingo in a report on Friday, May 2nd. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research report on Tuesday, March 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $441.29.

Insider Buying and Selling at Duolingo

In other news, insider Robert Meese sold 5,351 shares of Duolingo stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $320.02, for a total value of $1,712,427.02. Following the sale, the insider now directly owns 133,805 shares in the company, valued at approximately $42,820,276.10. This trade represents a 3.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total value of $2,982,500.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $21,474. This represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,833 shares of company stock worth $29,006,319. 15.67% of the stock is currently owned by company insiders.

Duolingo Stock Performance

Shares of DUOL stock opened at $512.95 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $544.93. The stock has a 50 day moving average price of $430.90 and a two-hundred day moving average price of $374.37. The company has a market capitalization of $23.32 billion, a P/E ratio of 280.30 and a beta of 1.00.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. The company had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s revenue was up 37.6% on a year-over-year basis. Analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

About Duolingo

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.