Duolingo, Inc. $DUOL Stake Lowered by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 18.2% during the fourth quarter, Holdings Channel reports. The firm owned 46,213 shares of the company’s stock after selling 10,251 shares during the period. Pacer Advisors Inc.’s holdings in Duolingo were worth $8,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. EFG International AG acquired a new position in Duolingo during the 4th quarter valued at approximately $26,000. AlphaCentric Advisors LLC acquired a new stake in Duolingo in the fourth quarter worth $33,000. Caitong International Asset Management Co. Ltd acquired a new stake in Duolingo in the fourth quarter worth $43,000. KERR FINANCIAL PLANNING Corp bought a new stake in Duolingo in the third quarter valued at $47,000. Finally, Advisors Asset Management Inc. lifted its stake in Duolingo by 152.5% in the fourth quarter. Advisors Asset Management Inc. now owns 298 shares of the company’s stock valued at $52,000 after buying an additional 180 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of DUOL stock opened at $125.56 on Monday. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 0.98 and a beta of 0.89. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $483.03. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $109.08 and its 200-day simple moving average is $127.63.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, sell-side analysts predict that Duolingo, Inc. will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Stephen C. Chen sold 1,977 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the transaction, the general counsel directly owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares in the company, valued at approximately $19,696,619.59. This represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,506 shares of company stock worth $1,073,864 in the last 90 days. Company insiders own 16.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America restated a “neutral” rating and set a $100.00 price target on shares of Duolingo in a research report on Friday, February 27th. Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Citigroup reissued a “neutral” rating and set a $101.00 target price (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Morgan Stanley decreased their target price on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Finally, DA Davidson restated a “neutral” rating and issued a $120.00 price target on shares of Duolingo in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $197.61.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.