Duolingo, Inc. (NASDAQ:DUOL) Sees Large Increase in Short Interest

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) was the target of a large 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 days-to-cover ratio is currently 2.5 days. Currently, 3.6% of the company’s stock are sold short.

Duolingo Trading Up 2.7 %

NASDAQ DUOL opened at $351.13 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo has a one year low of $145.05 and a one year high of $378.48. The company has a 50-day simple moving average of $337.72 and a 200-day simple moving average of $270.54. The firm has a market capitalization of $15.45 billion, a PE ratio of 191.88 and a beta of 0.87.

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

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 188,901 shares of the company’s 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 completion of the transaction, the insider now directly owns 72 shares in the company, valued at approximately $24,446.88. This represents a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $470,040.00. Following the sale, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 271,124 shares of company stock worth $91,694,238. 18.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently added to or reduced their stakes in DUOL. True Wealth Design LLC bought a new position in shares of Duolingo during the third quarter worth about $26,000. First Horizon Advisors Inc. bought a new position in Duolingo in the 3rd quarter worth about $29,000. Farther Finance Advisors LLC increased its stake in shares of Duolingo by 164.6% in 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 during the period. Nisa Investment Advisors LLC raised its holdings in shares of Duolingo by 50.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after buying an additional 60 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Duolingo during the third quarter valued at approximately $68,000. 91.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on DUOL. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group increased their target price on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $353.90.

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Duolingo Company Profile

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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.

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