Duolingo, Inc. (NASDAQ:DUOL) Short Interest Up 11.1% in July

Duolingo, Inc. (NASDAQ:DUOL) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 2,210,000 shares, a growth of 11.1% from the July 15th total of 1,990,000 shares. Based on an average daily volume of 828,300 shares, the days-to-cover ratio is currently 2.7 days. Approximately 6.1% of the shares of the stock are sold short.

Duolingo Stock Up 0.4 %

Shares of DUOL stock traded up $0.82 on Friday, hitting $203.16. The stock had a trading volume of 615,236 shares, compared to its average volume of 769,225. Duolingo has a one year low of $121.89 and a one year high of $251.30. The business has a 50 day moving average price of $188.54 and a 200 day moving average price of $198.90. The company has a market cap of $8.76 billion, a PE ratio of 209.44 and a beta of 0.72. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. During the same period last year, the company posted $0.08 earnings per share. Duolingo’s revenue was up 40.6% compared to the same quarter last year. Research analysts anticipate that Duolingo will post 1.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DUOL. Wolfe Research initiated coverage on shares of Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Needham & Company LLC decreased their target price on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a research note on Friday, July 26th. Finally, Barclays lowered their price objective on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $237.40.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $193.53, for a total transaction of $290,295.00. Following the transaction, the insider now owns 147,282 shares in the company, valued at approximately $28,503,485.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $193.53, for a total transaction of $290,295.00. Following the sale, the insider now owns 147,282 shares of the company’s stock, valued at approximately $28,503,485.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The disclosure for this sale can be found here. Insiders have sold 41,500 shares of company stock valued at $7,614,045 over the last 90 days. 18.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Duolingo during the fourth quarter valued at about $4,374,000. Mackenzie Financial Corp raised its holdings in shares of Duolingo by 40.7% in the fourth quarter. Mackenzie Financial Corp now owns 2,543 shares of the company’s stock worth $577,000 after buying an additional 736 shares during the last quarter. Xponance Inc. raised its holdings in shares of Duolingo by 4.8% in the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock worth $402,000 after buying an additional 82 shares during the last quarter. Calamos Advisors LLC grew its holdings in shares of Duolingo by 346.5% during the fourth quarter. Calamos Advisors LLC now owns 7,559 shares of the company’s stock valued at $1,715,000 after buying an additional 5,866 shares during the last quarter. Finally, RIA Advisory Group LLC acquired a new position in shares of Duolingo in the 4th quarter valued at $1,243,000. 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.