Youdao (NYSE:DAO) Sets New 52-Week High – Still a Buy?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) reached a new 52-week high on Wednesday . The stock traded as high as $15.65 and last traded at $15.1750, with a volume of 25460 shares. The stock had previously closed at $15.37.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note 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, Youdao currently has a consensus rating of “Hold”.

Youdao Trading Down 0.5%

The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 162.81 and a beta of 0.56. The company has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $11.27.

Youdao (NYSE:DAO) last announced its earnings results on Thursday, May 21st. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $195.52 million during the quarter, compared to analysts’ expectations of $201.43 million. Youdao had a net margin of 1.19% and a negative return on equity of 4.51%.

Hedge Funds Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio boosted its position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent reporting period. 21.91% of the stock is owned by institutional investors.

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.