Youdao (NYSE:DAO) Trading Up 4.2% – What’s Next?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) traded up 4.2% on Thursday . The stock traded as high as $15.21 and last traded at $15.22. Approximately 9,769 shares were traded during mid-day trading, a decline of 88% from the average session volume of 84,667 shares. The stock had previously closed at $14.60.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DAO shares. Wall Street Zen upgraded Youdao from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Weiss Ratings raised Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. Finally, Citigroup increased their price target on Youdao from $14.90 to $22.00 and gave the stock a “buy” rating in a report on Monday, August 24th. One equities research 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 stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Youdao Stock Down 2.6%

The firm’s 50 day simple moving average is $15.80 and its two-hundred day simple moving average is $12.70. The stock has a market capitalization of $1.74 billion, a P/E ratio of 72.18 and a beta of 0.52.

Youdao (NYSE:DAO) last issued its earnings results on Thursday, August 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. Youdao had a negative return on equity of 8.46% and a net margin of 2.71%.The company had revenue of $215.91 million during the quarter, compared to the consensus estimate of $229.02 million.

Institutional Investors Weigh In On Youdao

An institutional investor recently bought a new position in Youdao stock. NetEase Inc. purchased a new stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,898,293 shares of the company’s stock, valued at approximately $35,649,004. Youdao makes up about 0.0% of NetEase Inc.’s portfolio, making the stock its 2nd biggest holding. NetEase Inc. owned 2.41% of Youdao 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.