Youdao (NYSE:DAO) Hits New 52-Week High – Time to Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) hit a new 52-week high on Wednesday . The company traded as high as $15.65 and last traded at $15.1750, with a volume of 25460 shares. The stock had previously closed at $15.37.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen cut 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 report on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Youdao Trading Down 1.3%

The firm’s 50 day simple moving average is $12.42 and its 200-day simple moving average is $11.22. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 168.61 and a beta of 0.56.

Youdao (NYSE:DAO) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $195.52 million during the quarter, compared to the consensus estimate of $201.43 million. Youdao had a net margin of 1.19% and a negative return on equity of 4.51%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio grew its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & 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 at the end of the most recent quarter. 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.