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

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

Insider Buying and Selling at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, the insider now owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 281,124 shares of company stock worth $95,033,738. 18.30% of the stock is owned by company insiders.

Institutional Trading of Duolingo

A number of institutional investors have recently made changes to their positions in the business. True Wealth Design LLC acquired a new stake in Duolingo in the 3rd quarter worth about $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the 3rd quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC boosted its stake in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DUOL. The Goldman Sachs Group lifted their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group initiated coverage on Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. UBS Group lifted their price target on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Scotiabank assumed coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Stock Performance

DUOL stock traded up $11.58 during midday trading on Tuesday, hitting $376.02. 274,830 shares of the company traded hands, compared to its average volume of 526,105. The business has a 50 day simple moving average of $341.64 and a 200-day simple moving average of $281.66. 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 has a twelve month low of $145.05 and a twelve month high of $380.56. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 205.85 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share. As a group, equities research analysts predict that Duolingo 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.