Youdao (NYSE:DAO) Reaches New 12-Month High – Time to Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $19.50 and last traded at $19.3350, with a volume of 66,798 shares traded. The stock had previously closed at $18.12.

Analysts Set New Price Targets

Several research analysts recently commented on DAO shares. Weiss Ratings upgraded Youdao from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Wall Street Zen raised Youdao from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Finally, Citigroup upped their price target on shares of Youdao from $14.90 to $22.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Youdao presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Youdao Trading Up 6.7%

The business’s 50-day simple moving average is $16.06 and its 200-day simple moving average is $13.58. The company has a market cap of $2.33 billion, a PE ratio of 86.29 and a beta of 0.52.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Youdao stock. NetEase Inc. bought a new position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,898,293 shares of the company’s stock, valued at approximately $35,649,004. Youdao makes up 0.0% of NetEase Inc.’s holdings, making the stock its 2nd biggest holding. NetEase Inc. owned 2.41% of Youdao at the end of the most recent quarter. Institutional investors and hedge funds own 21.91% of the company’s stock.

About Youdao

Youdao, Inc (NYSE: DAO) is a technology company focused on digital learning and knowledge services. It is a subsidiary of NetEase, Inc and develops internet-based tools that support language learning, education, translation and professional development.

The company offers online courses and learning applications covering subjects such as languages, academic preparation and professional skills. Its product portfolio has also included Youdao Dictionary, translation and writing tools, and smart learning hardware such as dictionary pens, scanning devices and other connected products designed to support students and educators.

Youdao primarily serves users in China through its online platforms, educational content and learning devices, while some of its language and translation products are available to users internationally.