Youdao (NYSE:DAO) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Youdao (NYSE:DAO) from a buy rating to a hold rating in a research report report published on Sunday morning.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Youdao in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Youdao presently has an average rating of “Reduce”.

Youdao Trading Down 0.2%

Shares of Youdao stock opened at $9.54 on Friday. The firm has a market capitalization of $1.14 billion, a PE ratio of 56.14 and a beta of 0.24. Youdao has a twelve month low of $6.03 and a twelve month high of $11.82. The firm’s 50-day moving average price is $10.22 and its 200 day moving average price is $9.35.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DAO. Public Employees Retirement System of Ohio increased its position in Youdao by 35.9% during the third quarter. Public Employees Retirement System of Ohio now owns 29,286 shares of the company’s stock worth $291,000 after purchasing an additional 7,729 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Youdao by 190.2% in the 1st quarter. Vident Advisory LLC now owns 57,192 shares of the company’s stock valued at $436,000 after buying an additional 37,485 shares during the period. Walleye Trading LLC acquired a new stake in shares of Youdao during the 1st quarter worth approximately $115,000. Walleye Capital LLC raised its position in shares of Youdao by 226.1% during the 1st quarter. Walleye Capital LLC now owns 176,599 shares of the company’s stock valued at $1,347,000 after buying an additional 122,450 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Youdao by 83.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,456 shares of the company’s stock valued at $1,049,000 after acquiring an additional 62,568 shares during the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Youdao Company Profile

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.