Left Brain Wealth Management LLC Invests $1.13 Million in Duolingo, Inc. (NASDAQ:DUOL)

Left Brain Wealth Management LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,472 shares of the company’s stock, valued at approximately $1,126,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUOL. FMR LLC lifted its holdings in shares of Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after acquiring an additional 564,173 shares during the period. Spyglass Capital Management LLC bought a new position in Duolingo during the 3rd quarter valued at about $38,512,000. Charles Schwab Investment Management Inc. lifted its holdings in Duolingo by 42.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Bamco Inc. NY bought a new position in Duolingo during the 3rd quarter valued at about $25,808,000. Finally, Lord Abbett & CO. LLC lifted its holdings in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after purchasing an additional 76,875 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several analyst reports. Piper Sandler lifted 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. Barclays lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Needham & Company LLC lifted their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, UBS Group raised their price objective on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and an average price target of $375.00.

Duolingo Stock Down 6.4 %

Shares of NASDAQ:DUOL opened at $272.49 on Friday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The company has a 50 day moving average of $351.16 and a 200-day moving average of $315.21. 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 cap of $12.33 billion, a price-to-earnings ratio of 148.90 and a beta of 0.92.

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

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $24,251.04. The trade was a 99.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction 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.

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.