NWK Group Inc. Acquires New Stake in Duolingo, Inc. (NASDAQ:DUOL)

NWK Group Inc. bought a new position in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,501 shares of the company’s stock, valued at approximately $3,405,000. Duolingo accounts for about 1.3% of NWK Group Inc.’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUOL. Kensington Investment Counsel LLC raised its position in Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after buying an additional 30 shares during the period. Atria Investments Inc lifted its position in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after purchasing an additional 39 shares in the last quarter. Lisanti Capital Growth LLC boosted its holdings in shares of Duolingo by 0.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after purchasing an additional 40 shares during the period. Fifth Third Bancorp grew its position in Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after purchasing an additional 42 shares in the last quarter. Finally, Smithfield Trust Co increased its stake in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after buying an additional 46 shares during the period. 91.59% of the stock is owned by institutional investors.

Duolingo Trading Up 0.0 %

Duolingo stock opened at $326.50 on Friday. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 178.42 and a beta of 0.91. The business has a 50 day moving average price of $332.83 and a two-hundred day moving average price of $329.90. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at $21,054.96. This represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,868 shares of company stock worth $32,093,700. 18.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DUOL. Piper Sandler boosted their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. The Goldman Sachs Group boosted their target price on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target for the company in a report on Tuesday, March 18th. JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, DA Davidson raised their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $372.92.

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.