Youdao (NYSE:DAO) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Youdao (NYSE:DAO) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings raised Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Youdao currently has an average rating of “Hold”.

Youdao Price Performance

Shares of NYSE:DAO opened at $18.30 on Friday. The company’s fifty day moving average price is $14.65 and its 200-day moving average price is $12.07. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 91.50 and a beta of 0.59. Youdao has a one year low of $8.30 and a one year high of $18.94.

Youdao (NYSE:DAO) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Youdao had a net margin of 2.71% and a negative return on equity of 8.38%. The company had revenue of $215.91 million during the quarter, compared to the consensus estimate of $229.02 million.

Institutional Trading of Youdao

A hedge fund recently bought a new stake in Youdao stock. NetEase Inc. purchased a new stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,898,293 shares of the company’s stock, valued at approximately $35,649,004,000. Youdao comprises 4.7% of NetEase Inc.’s portfolio, making the stock its 2nd largest position. NetEase Inc. owned about 2.41% of Youdao at the end of the most recent reporting period. Institutional investors own 21.91% of the company’s stock.

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.