Duolingo, Inc. $DUOL Holdings Raised by Catalyst Capital Advisors LLC

Key Points

• Catalyst Capital Advisors LLC increased its holdings in Duolingo, Inc. by 13.7% during the second quarter, owning a total of 7,875 shares valued at approximately $3.23 million.
• Duolingo's CFO sold over 10,000 shares at an average price of $317.39, resulting in a 20.15% decrease in their ownership stake.
• The stock has an average target price of $414.05, with 12 analysts rating it a "Buy" and several recent changes in institutional investor positions.

Catalyst Capital Advisors LLC raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 13.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,875 shares of the company's stock after purchasing an additional 950 shares during the period. Catalyst Capital Advisors LLC's holdings in Duolingo were worth $3,229,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Rise Advisors LLC grew its stake in shares of Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Duolingo in the first quarter worth $28,000. Brooklyn Investment Group grew its position in Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company's stock valued at $30,000 after buying an additional 95 shares in the last quarter. Kiker Wealth Management LLC bought a new position in Duolingo in the 2nd quarter valued at about $31,000. Finally, Whittier Trust Co. bought a new position in Duolingo in the 1st quarter valued at about $33,000. 91.59% of the stock is owned by institutional investors.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the completion of the sale, the chief financial officer directly owned 43,345 shares in the company, valued at $13,757,269.55. This represents a 20.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Meese sold 1,444 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $475,119.32. Following the sale, the insider directly owned 120,080 shares of the company's stock, valued at approximately $39,509,922.40. The trade was a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,791 shares of company stock worth $26,462,201. 15.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent analyst reports. Wall Street Zen cut shares of Duolingo from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $460.00 price target on shares of Duolingo in a research note on Wednesday, September 17th. Barclays increased their price target on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. decreased their target price on Duolingo from $515.00 to $465.00 and set an "overweight" rating for the company in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Duolingo in a research note on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Duolingo currently has an average rating of "Hold" and an average target price of $414.05.

Duolingo Stock Up 1.9%

Shares of DUOL stock opened at $313.45 on Friday. The stock has a 50 day moving average of $312.32 and a 200-day moving average of $380.63. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. The firm has a market cap of $14.36 billion, a PE ratio of 128.99, a price-to-earnings-growth ratio of 2.03 and a beta of 0.86. Duolingo, Inc. has a 12 month low of $256.63 and a 12 month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business's revenue for the quarter was up 41.5% compared to the same quarter last year. On average, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

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.

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