Bulat Silvia/iStock via Getty Images When I first reviewed Duolingo (NASDAQ:DUOL) a few months ago, I gave the company a "Hold" rating. I was a fan of the founder-led business, but the valuation seemed stretched to me. Since that time, Duolingo is down roughly 10% while the S&P 500 has gone up over 13%. After an excellent showing in the first quarter and a pullback in the stock price, I have initiated a position in the company. Let's dig into the Q1 2024 financial results and recent company news as I explai ...