Youdao (NYSE:DAO) Sees Large Volume Increase – What’s Next?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) saw unusually-high trading volume on Tuesday . Approximately 219,308 shares were traded during trading, an increase of 158% from the previous session’s volume of 84,889 shares.The stock last traded at $15.9110 and had previously closed at $16.39.

Wall Street Analyst Weigh In

DAO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Youdao from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Citigroup increased their target price on Youdao from $14.90 to $22.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Weiss Ratings upgraded Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Youdao Price Performance

The business has a 50 day moving average price of $15.23 and a 200 day moving average price of $12.37. The stock has a market capitalization of $1.94 billion, a PE ratio of 80.45 and a beta of 0.59.

Youdao (NYSE:DAO) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. The firm had revenue of $215.91 million during the quarter, compared to analyst estimates of $229.02 million. Youdao had a negative return on equity of 8.46% and a net margin of 2.71%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio grew its position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,286 shares of the company’s stock after buying 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 filing with the Securities & Exchange Commission. Institutional investors own 21.91% of the company’s stock.

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.