Youdao (NYSE:DAO) Sets New 12-Month High – What’s Next?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price reached a new 52-week high on Friday. The company traded as high as $20.54 and last traded at $20.38, with a volume of 22,254 shares. The stock had previously closed at $19.30.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen raised shares of Youdao from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of Youdao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, Citigroup lifted their price objective on Youdao from $14.90 to $22.00 and gave the company a “buy” rating in a research note 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, the company currently has an average rating of “Moderate Buy” and an average price target of $22.00.

Youdao Stock Up 4.0%

The firm has a market capitalization of $2.42 billion, a P/E ratio of 100.33 and a beta of 0.52. The firm’s 50-day simple moving average is $16.42 and its 200-day simple moving average is $13.09.

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

Institutional Investors Weigh In On Youdao

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

About Youdao

Youdao, Inc (NYSE:DAO) is an education technology company and a subsidiary of NetEase, Inc The company develops digital learning products and services designed to support students, educators and other users in China and selected international markets.

Youdao’s offerings include online learning content, educational applications, translation and dictionary tools, and smart learning devices. Its product portfolio has included Youdao Dictionary, digital courses, learning platforms, intelligent tutoring tools, electronic dictionaries, learning tablets and other hardware that uses technologies such as artificial intelligence and language processing to support personalized study.

Founded in 2006, Youdao has expanded from online dictionary and translation services into a broader education technology platform.