Duolingo, Inc. (NASDAQ:DUOL) Short Interest Down 14.6% in February

Duolingo, Inc. (NASDAQ:DUOL) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,230,000 shares, a drop of 14.6% from the February 13th total of 1,440,000 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 761,000 shares, the days-to-cover ratio is presently 1.6 days.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total value of $3,368,200.00. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $24,251.04. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. Insiders have sold 90,499 shares of company stock valued at $31,512,968 over the last ninety days. 18.30% of the stock is owned by corporate insiders.

Institutional Trading of Duolingo

Hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC bought a new position in shares of Duolingo in the fourth quarter worth about $1,994,000. Lecap Asset Management Ltd. bought a new position in shares of Duolingo in the fourth quarter worth about $429,000. Taika Capital LP bought a new position in shares of Duolingo in the fourth quarter worth about $2,697,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after acquiring an additional 101,653 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Duolingo in the third quarter worth about $4,350,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 3.7 %

Shares of DUOL traded up $10.83 on Wednesday, reaching $299.64. The stock had a trading volume of 247,351 shares, compared to its average volume of 697,558. The company has a 50-day simple moving average of $348.55 and a 200-day simple moving average of $318.42. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 163.89 and a beta of 0.92. Duolingo has a 12-month low of $145.05 and a 12-month high of $441.77. 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 (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Sell-side analysts predict that Duolingo will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

DUOL has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Needham & Company LLC lifted their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average target price of $376.25.

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.