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

Massar Capital Management LP bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 8,437 shares of the company’s stock, valued at approximately $2,736,000. Duolingo accounts for 3.1% of Massar Capital Management LP’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Duolingo in the fourth quarter worth about $1,994,000. Taika Capital LP purchased a new position in Duolingo during the fourth quarter worth approximately $2,697,000. Lecap Asset Management Ltd. acquired a new stake in Duolingo in the fourth quarter valued at approximately $429,000. Diversified Trust Co purchased a new stake in shares of Duolingo in the fourth quarter valued at approximately $784,000. Finally, Bleakley Financial Group LLC raised its stake in shares of Duolingo by 6.1% during the 4th quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock worth $323,000 after buying an additional 57 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $28,185.12. This represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 2,667 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 129,572 shares of the company’s stock, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,868 shares of company stock worth $28,754,200. Insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DUOL shares. Jefferies Financial Group assumed coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Barclays lifted their target price 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. Piper Sandler upped their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. DA Davidson raised their price target on shares of Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Needham & Company LLC boosted their price objective on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $372.92.

Duolingo Trading Down 3.2 %

Shares of Duolingo stock opened at $316.07 on Tuesday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year 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 cap of $14.30 billion, a P/E ratio of 172.72 and a beta of 0.91. The stock’s 50 day simple moving average is $331.19 and its 200-day simple moving average is $330.76.

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 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 company had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Duolingo Company 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.