Merit Financial Group LLC Grows Holdings in Duolingo, Inc. $DUOL

Merit Financial Group LLC grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,632 shares of the company’s stock after purchasing an additional 446 shares during the period. Merit Financial Group LLC’s holdings in Duolingo were worth $4,359,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC boosted its position in Duolingo by 43.6% during the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Duolingo by 20.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company’s stock worth $48,000 after purchasing an additional 26 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Duolingo by 16.3% during the second quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock worth $76,000 after purchasing an additional 26 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Duolingo by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company’s stock valued at $914,000 after purchasing an additional 34 shares during the period. Finally, Larson Financial Group LLC increased its stake in Duolingo by 24.4% in the first quarter. Larson Financial Group LLC now owns 199 shares of the company’s stock valued at $62,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DUOL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Duolingo in a research note on Saturday, September 27th. Citigroup cut their price objective on shares of Duolingo from $400.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Robert W. Baird began coverage on shares of Duolingo in a report on Friday, September 5th. They issued a “neutral” rating and a $280.00 target price for the company. JMP Securities dropped their price target on shares of Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research report on Monday, July 28th. Finally, Wall Street Zen lowered shares of Duolingo from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus price target of $419.32.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the completion of the sale, the insider owned 72 shares in the company, valued at approximately $20,803.68. This trade represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalie Glance sold 3,283 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the transaction, the insider directly owned 116,171 shares in the company, valued at $36,280,203.30. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,791 shares of company stock valued at $23,702,001. 18.30% of the stock is owned by company insiders.

Duolingo Trading Down 0.7%

NASDAQ DUOL opened at $320.31 on Tuesday. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 131.81, a PEG ratio of 2.15 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. Duolingo, Inc. has a one year low of $256.63 and a one year high of $544.93. The company’s 50 day moving average price is $317.13 and its 200 day moving average price is $380.98.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. On average, sell-side analysts predict that Duolingo, Inc. will post 2.03 EPS for the current 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.