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

Duolingo, Inc. (NASDAQ:DUOL) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,510,000 shares, an increase of 22.8% from the February 28th total of 1,230,000 shares. Based on an average daily volume of 793,400 shares, the days-to-cover ratio is currently 1.9 days. Approximately 4.0% of the company’s shares are sold short.

Insider Activity

In related news, insider Natalie Glance sold 2,667 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This trade represents a 2.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now owns 34,634 shares of the company’s stock, valued at $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,850 shares of company stock valued at $34,389,695. 18.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kensington Investment Counsel LLC lifted its position in shares of Duolingo by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after purchasing an additional 30 shares during the last quarter. Lido Advisors LLC grew its position in shares of Duolingo by 0.3% in the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after buying an additional 30 shares during the last quarter. Atria Investments Inc raised its stake in Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after acquiring an additional 39 shares in the last quarter. Lisanti Capital Growth LLC lifted its position in Duolingo by 0.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock valued at $3,789,000 after acquiring an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Scotiabank assumed coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a research note on Tuesday, March 18th. Finally, JMP Securities restated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and an average price target of $377.08.

Duolingo Trading Up 3.2 %

DUOL traded up $10.33 on Wednesday, hitting $337.71. The company had a trading volume of 274,609 shares, compared to its average volume of 720,620. The company’s fifty day moving average price is $346.73 and its 200 day moving average price is $325.78. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo has a 1 year low of $145.05 and a 1 year high of $441.77. The firm has a market cap of $15.28 billion, a P/E ratio of 184.54 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. As a group, equities analysts expect that Duolingo will post 2.03 earnings per share for the current year.

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.