Bryce Point Capital LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Bryce Point Capital LLC bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,505 shares of the company’s stock, valued at approximately $1,785,000. Duolingo accounts for about 0.5% of Bryce Point Capital LLC’s portfolio, making the stock its 25th biggest holding.

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

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $24,208.56. This represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the sale, the insider now directly owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,850 shares of company stock worth $34,389,695. Insiders own 18.30% of the company’s stock.

Duolingo Price Performance

DUOL opened at $327.38 on Wednesday. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The firm has a market capitalization of $14.81 billion, a P/E ratio of 178.90 and a beta of 0.92. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $346.73 and a 200-day moving average of $325.78.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. UBS Group set a $400.00 target price on Duolingo in a report on Tuesday, March 18th. DA Davidson boosted their price target on shares of Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Barclays raised their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average target price of $377.08.

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.