Youdao (NYSE:DAO) Stock Rating Upgraded by Wall Street Zen

Youdao (NYSE:DAO) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings upgraded shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Youdao has a consensus rating of “Hold”.

Youdao Stock Down 0.2%

Youdao stock opened at $18.30 on Friday. The stock has a 50-day simple moving average of $14.65 and a 200 day simple moving average of $12.09. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 91.50 and a beta of 0.59. Youdao has a 12-month low of $8.30 and a 12-month high of $18.94.

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

Hedge Funds Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio grew its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 reporting period. 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.