Youdao (NYSE:DAO) Trading Down 8.5% – Here’s What Happened

Youdao, Inc. Unsponsored ADR (NYSE:DAO) fell 8.5% during trading on Monday . The stock traded as low as $11.13 and last traded at $11.0250. 84,678 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 90,391 shares. The stock had previously closed at $12.05.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DAO. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen downgraded shares of Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Youdao Price Performance

The stock has a market capitalization of $1.34 billion, a PE ratio of 122.34 and a beta of 0.56. The business has a 50 day moving average price of $11.51 and a 200 day moving average price of $10.63.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio lifted its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,286 shares of the company’s stock after buying an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.91% of the company’s stock.

Youdao Company Profile

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.