Youdao (NYSE:DAO) Shares Gap Up – Should You Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $8.43, but opened at $8.87. Youdao shares last traded at $9.0850, with a volume of 1,779 shares trading hands.

Analyst Ratings Changes

Several research firms have commented on DAO. Weiss Ratings reissued a “sell (d)” rating on shares of Youdao in a research report on Monday, December 8th. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Youdao currently has an average rating of “Sell”.

Youdao Trading Up 1.6%

The company has a market cap of $1.08 billion, a P/E ratio of 53.24 and a beta of 0.24. The company’s 50-day moving average price is $10.03 and its two-hundred day moving average price is $9.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DAO. Walleye Capital LLC raised its position in shares of Youdao by 226.1% during the 1st quarter. Walleye Capital LLC now owns 176,599 shares of the company’s stock worth $1,347,000 after buying an additional 122,450 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Youdao by 190.2% during the first quarter. Vident Advisory LLC now owns 57,192 shares of the company’s stock valued at $436,000 after acquiring an additional 37,485 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Youdao by 35.9% during the third quarter. Public Employees Retirement System of Ohio now owns 29,286 shares of the company’s stock worth $291,000 after purchasing an additional 7,729 shares in the last quarter. Finally, Walleye Trading LLC bought a new position in Youdao during the 1st quarter valued at $115,000. Institutional investors own 21.91% of the company’s stock.

About Youdao

Youdao, Inc (NYSE: DAO), established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations.

At the core of Youdao’s offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.