Redhawk Wealth Advisors Inc. Has $2.26 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Redhawk Wealth Advisors Inc. increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,007 shares of the company’s stock after acquiring an additional 442 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Duolingo were worth $2,258,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC bought a new position in Duolingo in the second quarter valued at approximately $31,000. Blue Trust Inc. acquired a new position in shares of Duolingo during the 2nd quarter worth $32,000. GAMMA Investing LLC lifted its position in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Duolingo in the second quarter worth about $36,000. Finally, Fifth Third Bancorp bought a new position in shares of Duolingo in the 2nd quarter valued at $40,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Performance

NASDAQ DUOL opened at $289.75 on Monday. The company has a market capitalization of $12.62 billion, a P/E ratio of 206.97 and a beta of 0.79. The company has a fifty day moving average of $231.28 and a 200-day moving average of $210.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. Duolingo, Inc. has a 52-week low of $140.16 and a 52-week high of $297.56.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The business had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. As a group, equities research analysts predict that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the transaction, the insider now directly owns 142,053 shares in the company, valued at $40,490,787.12. This trade represents a 0.00 % 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. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $280.91, for a total transaction of $421,365.00. Following the completion of the sale, the insider now directly owns 138,260 shares in the company, valued at $38,838,616.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the transaction, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,374 shares of company stock worth $18,571,912 in the last quarter. 18.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America boosted their price target on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Evercore ISI raised Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. DA Davidson restated a “buy” rating and issued a $250.00 target price on shares of Duolingo in a report on Tuesday, September 10th. JMP Securities upped their price target on Duolingo from $260.00 to $275.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their price objective on Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.56.

Duolingo 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.