Youdao (NYSE:DAO) Shares Up 5.8% – Should You Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) was up 5.8% during trading on Wednesday . The company traded as high as $13.42 and last traded at $13.8040. 9,679 shares changed hands during trading, a decline of 89% from the average daily volume of 89,801 shares. The stock had previously closed at $13.05.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DAO shares. Weiss Ratings downgraded Youdao from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 29th. Wall Street Zen lowered shares of Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Youdao Price Performance

The firm has a 50 day moving average of $12.02 and a 200-day moving average of $10.93. The stock has a market capitalization of $1.71 billion, a P/E ratio of 157.50 and a beta of 0.56.

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

Hedge Funds Weigh In On Youdao

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio boosted its holdings in 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 acquiring an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Youdao Company Profile

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.