Youdao (NYSE:DAO) Stock Price Up 7.9% – Still a Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price traded up 7.9% during mid-day trading on Friday . The company traded as high as $15.14 and last traded at $15.2890. 30,458 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 89,177 shares. The stock had previously closed at $14.17.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DAO shares. Weiss Ratings downgraded shares of Youdao from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 29th. Wall Street Zen downgraded shares of Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Youdao Stock Performance

The business’s fifty day moving average is $12.25 and its 200-day moving average is $11.10. The firm has a market cap of $1.82 billion, a P/E ratio of 168.00 and a beta of 0.56.

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

Institutional Trading of Youdao

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio raised its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 quarter. 21.91% of the stock is owned by institutional investors and hedge funds.

Youdao Company Profile

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.