Duolingo, Inc. (NASDAQ:DUOL) Sees Large Decline in Short Interest

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,760,000 shares, a decrease of 5.4% from the October 15th total of 1,860,000 shares. Based on an average daily volume of 540,600 shares, the short-interest ratio is currently 3.3 days. Approximately 4.9% of the company's stock are short sold.

Wall Street Analyst Weigh In

Several analysts have issued reports on DUOL shares. JPMorgan Chase & Co. upped their price objective on Duolingo from $303.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. UBS Group increased their price target on Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays increased their price target on Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. JMP Securities cut Duolingo from an "outperform" rating to a "market perform" rating in a research report on Monday, October 14th. Finally, Seaport Res Ptn cut Duolingo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Duolingo currently has an average rating of "Moderate Buy" and a consensus target price of $331.33.

Duolingo Trading Down 0.1 %

Shares of NASDAQ:DUOL traded down $0.40 during mid-day trading on Monday, hitting $306.92. The stock had a trading volume of 468,441 shares, compared to its average volume of 696,708. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market cap of $13.50 billion, a PE ratio of 167.72 and a beta of 0.79. Duolingo has a 12-month low of $145.05 and a 12-month high of $330.61. The company's 50 day moving average is $283.47 and its 200-day moving average is $225.51.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm's quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, sell-side analysts predict that Duolingo will post 2.02 EPS for the current year.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the sale, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,374 shares of company stock valued at $15,802,382. Insiders own 18.30% of the company's stock.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently made changes to their positions in DUOL. Vanguard Group Inc. lifted its position in Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company's stock worth $747,200,000 after buying an additional 67,004 shares in the last quarter. FMR LLC lifted its position in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company's stock worth $751,085,000 after buying an additional 564,173 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company's stock worth $281,281,000 after buying an additional 245,599 shares in the last quarter. State Street Corp lifted its position in Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company's stock worth $303,530,000 after buying an additional 36,923 shares in the last quarter. Finally, Dragoneer Investment Group LLC purchased a new stake in Duolingo in the 2nd quarter worth approximately $204,768,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

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.