Youdao (NYSE:DAO) Reaches New 12-Month High – Time to Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shares hit a new 52-week high on Thursday. The stock traded as high as $19.50 and last traded at $19.3350, with a volume of 66,798 shares changing hands. The stock had previously closed at $18.12.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DAO shares. Citigroup lifted their price target on Youdao from $14.90 to $22.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Weiss Ratings upgraded Youdao from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen raised Youdao from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

Youdao Trading Down 2.1%

The company has a market cap of $2.18 billion, a price-to-earnings ratio of 88.14 and a beta of 0.52. The stock’s 50 day moving average price is $16.08 and its 200 day moving average price is $13.68.

Youdao (NYSE:DAO) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Youdao had a net margin of 2.71% and a negative return on equity of 8.46%. The business had revenue of $215.91 million during the quarter, compared to the consensus estimate of $229.02 million.

Institutional Trading of Youdao

An institutional investor recently bought a new position in Youdao stock. Public Employees Retirement System of Ohio acquired a new position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,104 shares of the company’s stock, valued at approximately $346,000. 21.91% of the stock is owned by institutional investors and hedge funds.

About Youdao

Youdao, Inc (NYSE: DAO) is a technology company focused on digital learning and knowledge services. It is a subsidiary of NetEase, Inc and develops internet-based tools that support language learning, education, translation and professional development.

The company offers online courses and learning applications covering subjects such as languages, academic preparation and professional skills. Its product portfolio has also included Youdao Dictionary, translation and writing tools, and smart learning hardware such as dictionary pens, scanning devices and other connected products designed to support students and educators.

Youdao primarily serves users in China through its online platforms, educational content and learning devices, while some of its language and translation products are available to users internationally.