Youdao (NYSE:DAO) Trading 5.8% Higher – Time to Buy?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) shot up 5.8% on Tuesday . The company traded as high as $17.42 and last traded at $17.23. 14,845 shares traded hands during trading, a decline of 82% from the average session volume of 83,936 shares. The stock had previously closed at $16.29.

Analyst Upgrades and Downgrades

DAO has been the subject of a number of research analyst reports. Wall Street Zen cut Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. 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.com, Youdao presently has an average rating of “Hold”.

Youdao Price Performance

The stock has a 50 day simple moving average of $14.41 and a 200-day simple moving average of $11.98. The firm has a market cap of $2.00 billion, a PE ratio of 184.57 and a beta of 0.59.

Youdao (NYSE:DAO) last released its earnings results on Thursday, August 20th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. 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 bought a new stake in Youdao stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,104 shares of the company’s stock, valued at approximately $346,000. Hedge funds and other institutional investors own 21.91% of the company’s stock.

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.