Youdao (NYSE:DAO) Shares Down 6.5% – What’s Next?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) were down 6.5% on Thursday . The stock traded as low as $11.75 and last traded at $10.9960. Approximately 1,178 shares changed hands during trading, a decline of 99% from the average daily volume of 89,420 shares. The stock had previously closed at $11.76.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DAO shares. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Wall Street Zen lowered shares of Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Youdao Price Performance

The company’s 50 day moving average price is $11.30 and its 200 day moving average price is $10.53. The firm has a market cap of $1.40 billion, a PE ratio of 129.33 and a beta of 0.56.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio grew its holdings in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,286 shares of the company’s stock after purchasing 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 reporting period. Institutional investors 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.