Youdao (NYSE:DAO) Hits New 12-Month High – Here’s What Happened

Youdao, Inc. Unsponsored ADR (NYSE:DAO) hit a new 52-week high on Tuesday . The company traded as high as $13.20 and last traded at $13.1350, with a volume of 20932 shares. The stock had previously closed at $12.65.

Wall Street Analyst Weigh In

DAO has been the subject of several research reports. Weiss Ratings cut Youdao from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 29th. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Youdao Trading Up 9.1%

The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 158.20 and a beta of 0.56. The firm’s 50 day simple moving average is $11.96 and its two-hundred day simple moving average is $10.90.

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

Institutional Investors Weigh In On Youdao

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio grew its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 29,286 shares of the company’s stock after acquiring an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 as of its most recent SEC filing. 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.