Youdao (NYSE:DAO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Youdao (NYSE:DAO) from a hold rating to a buy rating in a report published on Saturday.

A number of other equities research analysts also recently commented on DAO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Youdao in a research report on Monday, December 22nd. Citigroup raised shares of Youdao from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Youdao currently has a consensus rating of “Hold”.

Youdao Stock Up 0.8%

Shares of DAO opened at $10.80 on Friday. The company has a market capitalization of $1.29 billion, a P/E ratio of 83.09 and a beta of 0.48. The firm has a 50 day moving average of $9.99 and a 200 day moving average of $10.20. Youdao has a twelve month low of $7.42 and a twelve month high of $12.95.

Youdao (NYSE:DAO) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Youdao had a net margin of 1.81% and a negative return on equity of 6.41%. The company had revenue of $223.64 million during the quarter, compared to the consensus estimate of $211.46 million.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio raised its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,286 shares of the company’s stock after acquiring 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 (SEC). 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.