Catalyst Funds Management Pty Ltd Invests $657,000 in Duolingo, Inc. (NASDAQ:DUOL)

Catalyst Funds Management Pty Ltd purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,025 shares of the company’s stock, valued at approximately $657,000.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC bought a new position in Duolingo in the third quarter worth $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the 3rd quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Duolingo during the 4th quarter valued at about $31,000. Global Retirement Partners LLC increased its stake in Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 113 shares during the period. Finally, Smithfield Trust Co raised its position in Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock worth $51,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Performance

DUOL stock opened at $283.54 on Friday. The company has a 50 day moving average price of $350.03 and a 200 day moving average price of $316.48. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $12.83 billion, a PE ratio of 154.94 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last issued its quarterly 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). The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

DUOL has been the topic of several analyst reports. Needham & Company LLC upped their price objective on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Barclays increased their price objective on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Jefferies Financial Group assumed coverage on shares of Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Finally, Scotiabank began coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.00.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total value of $3,368,200.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $24,251.04. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Insiders sold a total of 82,499 shares of company stock worth $29,162,568 in the last quarter. 18.30% of the stock is owned by company 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.