Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 17.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,186 shares of the company's stock after purchasing an additional 1,544 shares during the quarter. Merit Financial Group LLC's holdings in Duolingo were worth $3,163,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP lifted its holdings in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo in the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Duolingo by 323.1% in the first quarter. Versant Capital Management Inc now owns 110 shares of the company's stock worth $34,000 after buying an additional 84 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Piper Sandler set a $375.00 target price on shares of Duolingo in a report on Friday, May 2nd. UBS Group restated an "overweight" rating on shares of Duolingo in a research report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, JMP Securities restated a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and a consensus target price of $441.29.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the completion of the sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $21,474. This represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $293.80, for a total transaction of $2,350,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,833 shares of company stock valued at $29,006,319. 15.67% of the stock is currently owned by insiders.

Duolingo Stock Up 0.8%

NASDAQ:DUOL traded up $4.20 during mid-day trading on Thursday, reaching $522.99. The company's stock had a trading volume of 740,752 shares, compared to its average volume of 709,908. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The stock has a fifty day moving average of $422.94 and a 200-day moving average of $371.04. The firm has a market capitalization of $23.77 billion, a PE ratio of 285.79 and a beta of 1.00. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue for the quarter was up 37.6% on a year-over-year basis. Equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share 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.