Youdao (NYSE:DAO) Shares Gap Down – Time to Sell?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $12.30, but opened at $11.55. Youdao shares last traded at $12.51, with a volume of 466 shares traded.

Analyst Ratings Changes

DAO has been the subject of several research analyst reports. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings lowered shares of Youdao from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Youdao currently has an average rating of “Hold”.

Youdao Trading Up 3.6%

The business’s fifty day moving average is $11.73 and its 200 day moving average is $10.75. The company has a market cap of $1.50 billion, a P/E ratio of 138.44 and a beta of 0.56.

Youdao (NYSE:DAO) last issued its earnings results 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 4.51% and a net margin of 1.19%.The firm had revenue of $195.52 million for the quarter, compared to analyst estimates of $201.43 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio boosted its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 and hedge funds 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.