Youdao (NYSE:DAO) Trading Down 3.9% – Should You Sell?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price fell 3.9% during trading on Thursday . The company traded as low as $10.72 and last traded at $10.83. 118,813 shares were traded during mid-day trading, a decline of 1% from the average session volume of 120,358 shares. The stock had previously closed at $11.27.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DAO shares. Wall Street Zen cut Youdao from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Youdao in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Youdao Price Performance

The stock has a market cap of $1.29 billion, a P/E ratio of 63.52 and a beta of 0.27. The company has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $9.71.

Institutional Investors Weigh In On Youdao

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio lifted its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 34.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,557 shares of the company’s stock after purchasing an additional 5,565 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $185,000 as of its most recent filing with the Securities & Exchange Commission. 21.91% of the stock is owned by institutional investors and hedge funds.

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.