Youdao (NYSE:DAO) Sets New 12-Month High – Here’s Why

Youdao, Inc. Unsponsored ADR (NYSE:DAO) hit a new 52-week high during trading on Wednesday . The company traded as high as $17.60 and last traded at $17.4240, with a volume of 34824 shares trading hands. The stock had previously closed at $16.72.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Youdao Price Performance

The firm has a market capitalization of $2.18 billion, a PE ratio of 201.21 and a beta of 0.59. The company has a 50-day moving average price of $13.37 and a 200-day moving average price of $11.58.

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

Hedge Funds Weigh In On Youdao

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