Youdao (NYSE:DAO) Trading Up 6.2% – Time to Buy?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) were up 6.2% on Tuesday . The company traded as high as $11.98 and last traded at $11.7980. Approximately 35,522 shares were traded during trading, a decline of 61% from the average session volume of 90,020 shares. The stock had previously closed at $11.11.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DAO. Weiss Ratings upgraded Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. 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, Youdao has a consensus rating of “Hold”.

Youdao Trading Up 6.6%

The company has a market cap of $1.43 billion, a price-to-earnings ratio of 131.00 and a beta of 0.56. The firm has a 50-day moving average price of $11.53 and a 200 day moving average price of $10.64.

Youdao (NYSE:DAO) last announced 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 for 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

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio increased its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,286 shares of the company’s stock after purchasing 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. 21.91% of the stock is currently owned by hedge funds and other institutional investors.

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.