Massar Capital Management LP Takes $2.74 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Massar Capital Management LP purchased a new position in Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,437 shares of the company’s stock, valued at approximately $2,736,000. Duolingo accounts for about 3.1% of Massar Capital Management LP’s holdings, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUOL. MetLife Investment Management LLC lifted its holdings in shares of Duolingo by 9.4% in the 4th quarter. MetLife Investment Management LLC now owns 22,989 shares of the company’s stock worth $7,454,000 after buying an additional 1,983 shares during the period. NWK Group Inc. purchased a new stake in Duolingo in the fourth quarter worth about $3,405,000. Dimensional Fund Advisors LP grew its holdings in Duolingo by 6.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 101,609 shares of the company’s stock worth $32,946,000 after acquiring an additional 5,910 shares in the last quarter. First Trust Advisors LP increased its position in Duolingo by 67.6% during the 4th quarter. First Trust Advisors LP now owns 177,152 shares of the company’s stock valued at $57,438,000 after purchasing an additional 71,449 shares during the period. Finally, Arrow Capital Pty Ltd bought a new stake in shares of Duolingo in the 4th quarter valued at about $2,270,000. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DUOL shares. Barclays lifted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. UBS Group decreased their price objective on Duolingo from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Needham & Company LLC boosted their target price on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Piper Sandler increased their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $372.92.

Duolingo Trading Down 3.2 %

Shares of Duolingo stock opened at $316.07 on Tuesday. The firm’s 50 day simple moving average is $331.19 and its two-hundred day simple moving average is $330.76. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 172.72 and a beta of 0.91. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In other news, Director Gillian Munson sold 5,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $310.00, for a total value of $1,550,000.00. Following the sale, the director now owns 3,530 shares in the company, valued at $1,094,300. This represents a 58.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. Insiders sold a total of 84,868 shares of company stock worth $28,754,200 over the last three months. 18.30% of the stock is currently owned by insiders.

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.