Youdao (NYSE:DAO) Sets New 1-Year High – Time to Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shares reached a new 52-week high on Monday . The stock traded as high as $13.04 and last traded at $12.68, with a volume of 19635 shares. The stock had previously closed at $12.42.

Analyst Upgrades and Downgrades

DAO has been the subject of several recent analyst reports. Wall Street Zen raised shares of Youdao from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Citigroup raised shares of Youdao from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Youdao Price Performance

The stock has a market cap of $1.47 billion, a P/E ratio of 93.66 and a beta of 0.57. The business’s fifty day moving average price is $10.37 and its 200 day moving average price is $10.24.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio raised its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 21.91% of the stock is currently owned by institutional investors and hedge funds.

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.