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

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

Wall Street Analyst Weigh In

DUOL has been the topic of several analyst reports. Piper Sandler boosted their target price on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Barclays boosted their target price on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Bank of America boosted their target price on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. The Goldman Sachs Group boosted their target price on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $245.13.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 22,023 shares of Duolingo stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $220.26, for a total value of $4,850,785.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 22,023 shares of Duolingo stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $220.26, for a total value of $4,850,785.98. The disclosure for this sale can be found here. Insiders have sold a total of 113,223 shares of company stock valued at $23,682,665 in the last quarter. 19.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. 9258 Wealth Management LLC increased its position in Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after buying an additional 65 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in Duolingo by 0.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock valued at $2,003,000 after buying an additional 72 shares in the last quarter. Xponance Inc. increased its position in Duolingo by 4.8% during the 4th quarter. Xponance Inc. now owns 1,774 shares of the company’s stock valued at $402,000 after buying an additional 82 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in Duolingo by 6.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock valued at $382,000 after buying an additional 100 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in Duolingo by 1.0% during the 4th quarter. Voya Investment Management LLC now owns 11,619 shares of the company’s stock valued at $2,636,000 after buying an additional 116 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Price Performance

Shares of DUOL stock opened at $194.66 on Thursday. Duolingo has a twelve month low of $116.82 and a twelve month high of $245.87. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 572.53 and a beta of 0.83. The stock has a fifty day simple moving average of $209.33 and a two-hundred day simple moving average of $200.95. 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 (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. On average, analysts predict that Duolingo will post 1.38 EPS for the current fiscal 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.