Duolingo, Inc. (NASDAQ:DUOL) Short Interest Down 8.4% in October

Duolingo, Inc. (NASDAQ:DUOL) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,860,000 shares, a decline of 8.4% from the September 30th total of 2,030,000 shares. Based on an average daily volume of 562,400 shares, the short-interest ratio is currently 3.3 days. Currently, 5.2% of the shares of the company are sold short.

Duolingo Stock Up 0.2 %

NASDAQ:DUOL traded up $0.71 during mid-day trading on Friday, reaching $293.68. The company’s stock had a trading volume of 374,135 shares, compared to its average volume of 698,689. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo has a 1 year low of $145.05 and a 1 year high of $311.91. The stock has a fifty day moving average of $258.92 and a 200-day moving average of $217.09. The firm has a market capitalization of $12.79 billion, a PE ratio of 212.29 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. Equities research analysts forecast that Duolingo will post 1.87 earnings per share for the current year.

Insider Activity

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the sale, the insider now directly owns 144,282 shares in the company, valued at $23,341,941.96. 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. In other Duolingo news, insider Robert Meese sold 4,819 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the sale, the insider now owns 157,053 shares in the company, valued at approximately $37,695,861.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the transaction, the insider now directly owns 144,282 shares of the company’s stock, valued at approximately $23,341,941.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock valued at $15,575,012 over the last three months. Insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in Duolingo during the 3rd quarter valued at approximately $68,000. M&G PLC increased its position in shares of Duolingo by 3.0% in the 3rd quarter. M&G PLC now owns 38,301 shares of the company’s stock valued at $10,801,000 after acquiring an additional 1,105 shares during the period. Impax Asset Management Group plc purchased a new position in Duolingo in the 3rd quarter worth $2,621,000. Confluence Wealth Services Inc. purchased a new position in Duolingo in the 3rd quarter worth $312,000. Finally, Farther Finance Advisors LLC lifted its position in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on DUOL shares. Evercore ISI raised Duolingo to a “strong-buy” rating in a report on Monday, August 5th. UBS Group upped their price objective on Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Bank of America boosted their price objective on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their target price on Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, DA Davidson reiterated a “buy” rating and issued a $250.00 price target on shares of Duolingo in a report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $277.22.

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.