Youdao (NYSE:DAO) Sets New 52-Week High – Time to Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $18.50 and last traded at $18.05, with a volume of 36184 shares traded. The stock had previously closed at $18.14.

Analyst Upgrades and Downgrades

DAO has been the topic of several analyst reports. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Wall Street Zen cut shares of Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Youdao Price Performance

The stock has a 50 day moving average of $13.89 and a two-hundred day moving average of $11.77. The stock has a market capitalization of $2.23 billion, a PE ratio of 205.67 and a beta of 0.59.

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

Institutional Trading of Youdao

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio increased 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 disclosure with the Securities and Exchange Commission. The institutional investor owned 29,286 shares of the company’s stock after buying an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 as of its most recent filing with the Securities and Exchange Commission. 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.