Youdao (NYSE:DAO) Trading Up 6% – Still a Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) rose 6% during mid-day trading on Monday . The stock traded as high as $9.99 and last traded at $9.97. Approximately 24,678 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 95,933 shares. The stock had previously closed at $9.41.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup raised Youdao from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Youdao in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Youdao Stock Up 5.4%

The company has a market capitalization of $1.18 billion, a PE ratio of 76.31 and a beta of 0.48. The firm’s 50-day moving average is $10.04 and its 200-day moving average is $10.15.

Youdao (NYSE:DAO) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Youdao had a net margin of 1.81% and a negative return on equity of 6.41%. The firm had revenue of $223.64 million during the quarter, compared to analyst estimates of $211.46 million.

Institutional Investors Weigh In On Youdao

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio boosted its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,286 shares of the company’s stock after acquiring an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent reporting period. Hedge funds and other 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.