Youdao (NYSE:DAO) Trading Up 5.8% – What’s Next?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s stock price shot up 5.8% on Friday . The company traded as high as $15.44 and last traded at $15.4930. Approximately 11,241 shares were traded during trading, a decline of 87% from the average session volume of 87,354 shares. The stock had previously closed at $14.65.

Wall Street Analysts Forecast Growth

DAO has been the topic of several recent research reports. Wall Street Zen downgraded Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Youdao currently has a consensus rating of “Hold”.

Youdao Price Performance

The business’s fifty day moving average price is $12.51 and its 200-day moving average price is $11.27. The stock has a market capitalization of $1.87 billion, a PE ratio of 172.67 and a beta of 0.56.

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

Hedge Funds Weigh In On Youdao

A hedge fund recently raised its position in Youdao stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter. 21.91% of the stock is owned by institutional investors.

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.