Short Interest in Duolingo, Inc. (NASDAQ:DUOL) Increases By 5.1%

Duolingo, Inc. (NASDAQ:DUOL) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,440,000 shares, an increase of 5.1% from the January 15th total of 1,370,000 shares. Approximately 4.0% of the company’s shares are sold short. Based on an average daily volume of 572,300 shares, the short-interest ratio is presently 2.5 days.

Insider Activity

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now owns 72 shares of the company’s stock, valued at $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 sold a total of 289,624 shares of company stock valued at $98,478,298 over the last three months. Insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new position in Duolingo in the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo during the third quarter valued at approximately $29,000. Quarry LP increased its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the fourth quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Performance

NASDAQ DUOL traded up $8.70 during trading on Tuesday, hitting $441.39. The company’s stock had a trading volume of 665,840 shares, compared to its average volume of 616,711. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $352.61 and a 200 day moving average price of $300.03. The firm has a market cap of $19.42 billion, a P/E ratio of 241.20 and a beta of 0.89. Duolingo has a 52 week low of $145.05 and a 52 week high of $441.77.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DUOL shares. Scotiabank started coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. Barclays lifted their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective on the stock. Finally, DA Davidson raised their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $355.55.

About Duolingo

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.