A Guide To The Risks Of Investing In Duolingo Inc. (DUOL)

ZOM Stock
ZOM Stock

Duolingo Inc.’s recent filing unveils that its General Counsel Chen Stephen C. unloaded Company’s shares for reported $1.4 million on Mar 07. In the deal valued at $130.10 per share,10,748 shares were sold. As a result of this transaction, Chen Stephen C. now holds 26,553 shares worth roughly $ 3.13 million.

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Then, Meese Robert sold 5,000 shares, generating $650,536 in total proceeds. Upon selling the shares at $130.11, the Chief Business Officer now owns 202,601 shares.

Before that, Skaruppa Matthew sold 12,000 shares. Duolingo Inc. shares valued at $1,502,336 were divested by the Chief Financial Officer at a price of $125.19 per share. As a result of the transaction, Skaruppa Matthew now holds 43,987 shares, worth roughly $5.18 million.

KeyBanc Capital Markets downgraded its Duolingo Inc. [DUOL] rating to a Sector weight from a an Overweight in a research note published on Friday. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Raymond James also remained covering DUOL and has increased its forecast on May 13, 2022 with a “an Outperform” recommendation from previously “Mkt perform” rating. KeyBanc Capital Markets revised its rating on March 21, 2022. It rated DUOL as “an Overweight” which previously was an “a Sector weight”.

Price Performance Review of DUOL

On Friday, Duolingo Inc. [NASDAQ:DUOL] saw its stock fall -2.99% to $117.78. On the same session, the stock had its day’s lowest price of $116.5235, but rose to a high of $122.455. Over the last five days, the stock has lost -1.25%. Duolingo Inc. shares have risen nearly 65.58% since the year began. Nevertheless, the stocks have risen 47.06% over the past one year. While a 52-week high of $130.49 was reached on 03/07/23, a 52-week low of $60.50 was recorded on 01/03/23. SMA at 50 days reached $91.86, while 200 days put it at $89.49. A total of 0.53 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For DUOL Stock

The 24-hour chart illustrates a support level at 115.38, which if violated will result in even more drops to 112.99. On the upside, there is a resistance level at 121.32. A further resistance level may holdings at 124.85. The Relative Strength Index (RSI) on the 14-day chart is 64.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.81%. Stochastics %K at 80.52% indicates the stock is a selling.

How much short interest is there in Duolingo Inc.?

A steep rise in short interest was recorded in Duolingo Inc. stocks on Jan 30, 2023, dropping by -0.12 million shares to a total of 2.05 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.17 million shares. There was a decline of -5.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.50% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.71.

Duolingo Inc. [DUOL] – Who Are The Largest Shareholders?

In filings from Durable Capital Partners LP, it is revealed that the company now owns 4,156,738 shares, or roughly 13.29% of the outstanding DUOL shares. In other words, the investor’s shares have risen by 379,844 from its previous 13-F filing of 3776894.0. Additionally, Baillie Gifford & Co. increased 5.97% of its stake after which the total value it holdings stand at $295,317,445, while The Vanguard Group, Inc. added 4.38% of its stake to hold $217.8 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 92,965 shares of Duolingo Inc., while Foxhaven Asset Management LP bought 132,477 shares. At present, T. Rowe Price Investment Manageme is holding 1,093,303 shares valued at $99.26 million. Gilder, Gagnon, Howe & Co. LLC owned 878,524 shares of the company at the time of its most recent 13F filing, worth $79.76 million.

According to FactSet, Duolingo Inc.’s share price will average $118.13 in the next year, based on opinions of analysts polled by the firm. This is down nearly -4.46 percent from its previous closing price of $121.41. Analysts expect Duolingo Inc. stock to reach the higher price of $145.00, while the lowest price estimate is $99.00. However, 10 analysts have rated DUOL stock as an Overweight in their predictions for 2023.


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