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

Duolingo, Inc. (NASDAQ:DUOL) was the target of a significant increase in short interest in 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. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 528,300 shares, the days-to-cover ratio is currently 2.5 days.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the sale, the insider now owns 132,239 shares of the company’s stock, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 271,124 shares of company stock worth $91,694,238 over the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DUOL. Dimensional Fund Advisors LP grew its holdings in shares of Duolingo by 44.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 88,410 shares of the company’s stock valued at $18,448,000 after acquiring an additional 27,090 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in Duolingo in the second quarter valued at about $578,000. Mutual of America Capital Management LLC acquired a new position in Duolingo in the 2nd quarter worth about $4,419,000. Amalgamated Bank raised its stake in shares of Duolingo by 1,801.7% during the 2nd quarter. Amalgamated Bank now owns 19,150 shares of the company’s stock worth $3,996,000 after purchasing an additional 18,143 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Duolingo by 3.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of DUOL stock opened at $351.13 on Tuesday. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 191.88 and a beta of 0.87. Duolingo has a 1-year low of $145.05 and a 1-year high of $378.48. 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 stock’s fifty day simple moving average is $337.72 and its 200-day simple moving average is $270.54.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DUOL shares. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price target for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Barclays lifted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased 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. Finally, Piper Sandler lifted their target price on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.