Youdao (NYSE:DAO) Trading Down 7.5% – Time to Sell?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shares traded down 7.5% on Monday . The stock traded as low as $16.41 and last traded at $16.5960. Approximately 5,923 shares changed hands during trading, a decline of 93% from the average daily volume of 83,617 shares. The stock had previously closed at $17.95.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Youdao Trading Down 5.4%

The firm has a market capitalization of $2.05 billion, a PE ratio of 189.24 and a beta of 0.59. The stock’s 50 day moving average price is $14.13 and its two-hundred day moving average price is $11.86.

Youdao (NYSE:DAO) last posted its earnings results on Thursday, May 21st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $195.52 million for the quarter, compared to analyst estimates 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 position in Youdao stock. Public Employees Retirement System of Ohio increased its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the third quarter, according to the company in its most recent 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 21.91% of the company’s stock.

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.