Duolingo, Inc. (NASDAQ:DUOL) Short Interest Up 6.6% in January

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

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $24,446.88. This trade represents a 99.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 281,124 shares of company stock valued at $95,033,738. Company insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mount Lucas Management LP increased its stake in Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after acquiring an additional 32 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Duolingo by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after buying an additional 32 shares in the last quarter. Fifth Third Bancorp boosted its position in Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after buying an additional 42 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Duolingo by 6.1% in the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock worth $323,000 after acquiring an additional 57 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Duolingo by 2.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,294 shares of the company’s stock worth $744,000 after acquiring an additional 59 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Performance

DUOL traded up $11.58 on Tuesday, reaching $376.02. The stock had a trading volume of 274,830 shares, compared to its average volume of 526,105. Duolingo has a 12-month low of $145.05 and a 12-month high of $380.56. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $16.54 billion, a P/E ratio of 205.85 and a beta of 0.89. The business’s 50-day moving average price is $341.64 and its two-hundred day moving average price is $281.66.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same period last year, the firm posted $0.06 earnings per share. The company’s revenue was up 39.9% compared to the same quarter last year. Sell-side analysts forecast that Duolingo will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

DUOL has been the subject of a number of research analyst reports. DA Davidson raised their price target on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group assumed coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. UBS Group boosted their price target on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group raised their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

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.