Duolingo, Inc. (NASDAQ:DUOL) Short Interest Update

Duolingo, Inc. (NASDAQ:DUOL) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,300,000 shares, an increase of 6.6% from the December 15th total of 1,220,000 shares. Based on an average daily trading volume, of 528,300 shares, the short-interest ratio is currently 2.5 days. Currently, 3.6% of the company’s shares are short sold.

Duolingo Price Performance

DUOL stock traded up $9.33 on Monday, reaching $351.13. The company had a trading volume of 742,361 shares, compared to its average volume of 425,176. Duolingo has a 1 year low of $145.05 and a 1 year high of $378.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company’s fifty day moving average is $337.06 and its 200 day moving average is $269.43. The company has a market cap of $15.45 billion, a P/E ratio of 191.88 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter in the prior year, the company earned $0.06 EPS. Duolingo’s revenue was up 39.9% on a year-over-year basis. On average, research analysts forecast that Duolingo will post 2.02 earnings per share for the current year.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares in the company, valued at approximately $42,855,113.60. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Insiders sold a total of 271,124 shares of company stock worth $91,694,238 over the last ninety days. Company insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DUOL. True Wealth Design LLC acquired a new position in Duolingo in the 3rd quarter valued at $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the 3rd quarter valued at $29,000. Farther Finance Advisors LLC raised its holdings in Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Duolingo by 50.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after acquiring an additional 60 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Duolingo in the 3rd quarter valued at $68,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DUOL shares. Scotiabank assumed coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. Piper Sandler boosted their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. UBS Group lifted their price objective on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $353.90.

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.