Duolingo, Inc. (NASDAQ:DUOL) Short Interest Up 5.1% in January

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) saw a large 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. Based on an average daily volume of 572,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 4.0% of the company's shares are sold short.

Duolingo Stock Performance

Shares of DUOL stock traded down $36.43 on Friday, reaching $385.35. The stock had a trading volume of 1,079,310 shares, compared to its average volume of 646,058. Duolingo has a 12 month low of $145.05 and a 12 month high of $441.77. 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 market capitalization of $16.95 billion, a price-to-earnings ratio of 210.57 and a beta of 0.89. The firm's 50-day moving average is $356.96 and its two-hundred day moving average is $303.37.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 188,901 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now owns 72 shares in the company, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 305,639 shares of company stock worth $105,445,057 in the last quarter. 18.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westfuller Advisors LLC bought a new position in Duolingo in the 4th quarter valued at about $227,000. GF Fund Management CO. LTD. bought a new position in shares of Duolingo during the fourth quarter worth approximately $4,345,000. Public Employees Retirement System of Ohio bought a new position in shares of Duolingo during the fourth quarter worth approximately $4,140,000. GTS Securities LLC increased its stake in shares of Duolingo by 104.3% during the fourth quarter. GTS Securities LLC now owns 825 shares of the company's stock worth $267,000 after purchasing an additional 20,025 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its stake in Duolingo by 23.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 923 shares of the company's stock valued at $299,000 after purchasing an additional 178 shares during the period. 91.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DUOL. Scotiabank assumed coverage on Duolingo in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 price objective for the company. Seaport Res Ptn cut Duolingo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Needham & Company LLC increased their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group raised their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.