Youdao (NYSE:DAO) Shares Up 6.2% – What’s Next?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) rose 6.2% on Tuesday . The stock traded as high as $11.98 and last traded at $11.7980. 35,522 shares were traded during mid-day trading, a decline of 61% from the average session volume of 90,020 shares. The stock had previously closed at $11.11.

Wall Street Analyst Weigh In

DAO has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Youdao Stock Up 6.6%

The company has a market cap of $1.43 billion, a price-to-earnings ratio of 131.00 and a beta of 0.56. The business has a fifty day simple moving average of $11.53 and a 200 day simple moving average of $10.64.

Youdao (NYSE:DAO) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $195.52 million during the quarter, compared to the consensus estimate of $201.43 million. Youdao had a net margin of 1.19% and a negative return on equity of 4.51%.

Institutional Trading of Youdao

A hedge fund recently raised its position in Youdao stock. Public Employees Retirement System of Ohio raised its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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. 21.91% of the stock is owned by hedge funds and other 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.