Youdao (NYSE:DAO) Stock Price Up 5.4% – What’s Next?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) rose 5.4% during mid-day trading on Tuesday . The company traded as high as $12.00 and last traded at $12.0110. 3,097 shares traded hands during trading, a decline of 97% from the average daily volume of 90,804 shares. The stock had previously closed at $11.40.

Wall Street Analyst Weigh In

DAO has been the subject of a number of research reports. Wall Street Zen lowered shares of Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Youdao Trading Up 4.5%

The stock has a market capitalization of $1.45 billion, a P/E ratio of 134.17 and a beta of 0.56. The company has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $10.59.

Youdao (NYSE:DAO) last issued its earnings results on Thursday, May 21st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Youdao had a net margin of 1.19% and a negative return on equity of 4.51%. The company had revenue of $195.52 million for the quarter, compared to analyst estimates of $201.43 million.

Hedge Funds Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio boosted its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 as of its most recent SEC filing. 21.91% of the stock is owned by institutional investors.

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.