Duolingo, Inc. (NASDAQ:DUOL) Short Interest Update

Duolingo, Inc. (NASDAQ:DUOL) was the recipient of 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. Currently, 4.0% of the shares of the stock are sold short. Based on an average trading volume of 572,300 shares, the days-to-cover ratio is currently 2.5 days.

Duolingo Trading Up 2.0 %

NASDAQ DUOL opened at $441.39 on Wednesday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo has a twelve month low of $145.05 and a twelve month high of $441.77. The firm has a market capitalization of $19.42 billion, a PE ratio of 241.20 and a beta of 0.89. The stock’s 50 day moving average is $352.61 and its 200 day moving average is $300.03.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DUOL shares. UBS Group raised their price objective on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays lifted their price target on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group started coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $355.55.

Insider Activity

In related news, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $24,446.88. This represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 289,624 shares of company stock worth $98,478,298. 18.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently made changes to their positions in DUOL. True Wealth Design LLC bought a new stake in shares of Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo during the third quarter valued at approximately $29,000. Quarry LP boosted its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the fourth quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

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.