Duolingo, Inc. (NASDAQ:DUOL) Short Interest Down 14.6% in February

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 1,230,000 shares, a decrease of 14.6% from the February 13th total of 1,440,000 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 761,000 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Ratings Changes

DUOL has been the subject of several recent analyst reports. Scotiabank started coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 price objective for the company. Piper Sandler boosted their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Jefferies Financial Group assumed coverage on shares of Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 price objective for the company. JPMorgan Chase & Co. upped their price target on Duolingo from $400.00 to $410.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Barclays raised their price objective on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $376.25.

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Duolingo Stock Up 1.0 %

DUOL stock traded up $3.13 during midday trading on Friday, reaching $309.30. The company had a trading volume of 868,382 shares, compared to its average volume of 701,038. 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 company has a 50 day moving average of $347.58 and a two-hundred day moving average of $319.68. The company has a market capitalization of $13.99 billion, a P/E ratio of 169.02 and a beta of 0.92.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities research analysts expect that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gillian Munson sold 5,000 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $310.00, for a total value of $1,550,000.00. Following the transaction, the director now directly owns 3,530 shares in the company, valued at $1,094,300. This trade represents a 58.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,499 shares of company stock valued at $32,677,268 in the last three months. 18.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atria Investments Inc bought a new stake in Duolingo during the third quarter valued at about $279,000. GSA Capital Partners LLP acquired a new stake in Duolingo in the 3rd quarter valued at approximately $607,000. Oppenheimer Asset Management Inc. acquired a new stake in Duolingo in the 3rd quarter valued at approximately $395,000. KBC Group NV increased its position in Duolingo by 16.7% in the 3rd quarter. KBC Group NV now owns 886 shares of the company's stock worth $250,000 after buying an additional 127 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company's stock worth $299,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

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.