Youdao (NYSE:DAO) Sets New 1-Year High – Here’s What Happened

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $15.00 and last traded at $14.32, with a volume of 634 shares traded. The stock had previously closed at $13.95.

Analyst Ratings Changes

A number of research analysts have weighed in on DAO shares. Weiss Ratings lowered Youdao from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 29th. Wall Street Zen lowered shares of Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One 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 a consensus rating of “Hold”.

Youdao Price Performance

The company has a market cap of $1.76 billion, a price-to-earnings ratio of 162.57 and a beta of 0.56. The firm has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $11.07.

Youdao (NYSE:DAO) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $195.52 million for the quarter, compared to analyst estimates 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

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio boosted its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,286 shares of the company’s stock after buying 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 hedge funds and other institutional investors.

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.