Short Interest in Duolingo, Inc. (NASDAQ:DUOL) Declines By 5.8%

Duolingo, Inc. (NASDAQ:DUOL) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,940,000 shares, a decrease of 5.8% from the March 15th total of 2,060,000 shares. Currently, 5.4% of the shares of the stock are sold short. Based on an average trading volume of 645,900 shares, the short-interest ratio is currently 3.0 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DUOL shares. Needham & Company LLC upped their price objective on shares of Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Barclays upped their price objective on shares of Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. The Goldman Sachs Group upped their price target on shares of Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, February 29th. Piper Sandler upped their price target on shares of Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $245.13.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $215.35, for a total transaction of $323,025.00. Following the sale, the insider now owns 124,505 shares of the company’s stock, valued at approximately $26,812,151.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the transaction, the insider now owns 124,505 shares of the company’s stock, valued at approximately $26,812,151.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $12,860.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,223 shares of company stock valued at $23,682,665. Company insiders own 19.85% of the company’s stock.

Institutional Trading of Duolingo

Several institutional investors have recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Duolingo during the 4th quarter valued at about $1,411,000. Raymond James & Associates purchased a new position in shares of Duolingo in the fourth quarter worth approximately $4,211,000. Cerity Partners LLC boosted its holdings in shares of Duolingo by 2,767.0% in the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock worth $10,614,000 after buying an additional 45,157 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after buying an additional 358,938 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Duolingo by 4.9% in the third quarter. Acadian Asset Management LLC now owns 366,526 shares of the company’s stock worth $60,775,000 after buying an additional 17,097 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Trading Down 0.9 %

NASDAQ DUOL traded down $1.74 during trading on Wednesday, hitting $196.43. The company had a trading volume of 57,515 shares, compared to its average volume of 624,482. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo has a one year low of $116.82 and a one year high of $245.87. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 582.87 and a beta of 0.83. The company’s fifty day moving average is $209.09 and its 200-day moving average is $201.00.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. On average, sell-side analysts predict that Duolingo will post 1.38 earnings per share for the current year.

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.