Youdao (NYSE:DAO) Trading Down 4.4% – Here’s What Happened

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) traded down 4.4% on Monday . The stock traded as low as $16.16 and last traded at $16.0560. 5,410 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 85,939 shares. The stock had previously closed at $16.80.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAO. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. Wall Street Zen lowered shares of Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Youdao Trading Up 3.0%

The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 186.16 and a beta of 0.59. The business has a 50 day simple moving average of $13.14 and a 200-day simple moving average of $11.50.

Youdao (NYSE:DAO) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.05 EPS for the quarter, meeting 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%.

Hedge Funds Weigh In On Youdao

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio raised its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to the company in 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.