G2 Investment Partners Management LLC Takes Position in Duolingo, Inc. (NYSE:DUOL)

G2 Investment Partners Management LLC purchased a new stake in Duolingo, Inc. (NYSE:DUOL) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,700 shares of the company’s stock, valued at approximately $670,000.

A number of other institutional investors have also added to or reduced their stakes in DUOL. Captrust Financial Advisors grew its position in Duolingo by 620.8% during the first quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock worth $53,000 after buying an additional 478 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Duolingo during the fourth quarter worth about $58,000. HBK Sorce Advisory LLC grew its position in Duolingo by 100.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 60,000 shares of the company’s stock worth $59,000 after buying an additional 30,000 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Duolingo by 78.1% during the first quarter. Nisa Investment Advisors LLC now owns 570 shares of the company’s stock worth $81,000 after buying an additional 250 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Duolingo by 48.8% during the first quarter. Daiwa Securities Group Inc. now owns 595 shares of the company’s stock worth $85,000 after buying an additional 195 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DUOL shares. Barclays lifted their target price on Duolingo from $136.00 to $149.00 in a research report on Wednesday, August 9th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 7th. Raymond James started coverage on Duolingo in a report on Monday, August 28th. They set a “market perform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of Duolingo in a report on Wednesday, August 9th. Finally, Wolfe Research started coverage on Duolingo in a report on Tuesday, June 20th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $144.38.

Duolingo Price Performance

Shares of NYSE:DUOL traded down $1.37 during trading on Tuesday, reaching $160.01. The stock had a trading volume of 59,425 shares, compared to its average volume of 576,611. Duolingo, Inc. has a 52 week low of $64.73 and a 52 week high of $168.40. The business’s 50-day moving average price is $143.74 and its 200 day moving average price is $139.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.62 and a quick ratio of 3.62. The stock has a market capitalization of $6.65 billion, a PE ratio of -204.28 and a beta of 0.37.

Duolingo (NYSE:DUOL) last issued its earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.25. Duolingo had a negative net margin of 7.06% and a negative return on equity of 5.58%. The company had revenue of $126.84 million during the quarter, compared to analysts’ expectations of $123.13 million. As a group, equities analysts predict that Duolingo, Inc. will post -0.09 earnings per share for the current year.

Insider Activity

In other news, Director James H. Shelton sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $153.32, for a total value of $1,533,200.00. Following the completion of the transaction, the director now owns 3,237 shares of the company’s stock, valued at approximately $496,296.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director James H. Shelton sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $153.32, for a total value of $1,533,200.00. Following the completion of the transaction, the director now directly owns 3,237 shares of the company’s stock, valued at approximately $496,296.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ahn Luis Von sold 33,334 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $153.17, for a total transaction of $5,105,768.78. The disclosure for this sale can be found here. Insiders sold 138,127 shares of company stock valued at $20,558,687 in the last quarter. Company insiders own 19.85% of the company’s stock.

Duolingo Profile

Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.