Youdao (NYSE:DAO) Stock Price Down 11.3% – Should You Sell?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) was down 11.3% on Thursday . The stock traded as low as $10.78 and last traded at $10.9990. Approximately 19,485 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 84,642 shares. The stock had previously closed at $12.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DAO shares. Wall Street Zen raised Youdao from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Citigroup raised Youdao from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Youdao Price Performance

The business has a fifty day moving average of $10.71 and a 200 day moving average of $10.33. The stock has a market cap of $1.41 billion, a PE ratio of 89.82 and a beta of 0.57.

Youdao (NYSE:DAO) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Youdao had a negative return on equity of 6.41% and a net margin of 1.81%.The firm had revenue of $195.52 million for the quarter, compared to analysts’ expectations of $201.43 million.

Institutional Trading of Youdao

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio increased its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 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.