Youdao (NYSE:DAO) Trading 6.2% Higher – Still a Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s stock price traded up 6.2% on Tuesday . The stock traded as high as $11.98 and last traded at $11.7980. Approximately 35,522 shares changed hands during trading, a decline of 61% from the average daily volume of 90,020 shares. The stock had previously closed at $11.11.

Analysts Set New Price Targets

Several research firms have recently issued reports on DAO. Weiss Ratings upgraded shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen lowered shares of Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One research 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 stock presently has an average rating of “Hold”.

Youdao Price Performance

The stock has a fifty day moving average of $11.60 and a 200 day moving average of $10.66. The firm has a market capitalization of $1.29 billion, a P/E ratio of 119.06 and a beta of 0.56.

Youdao (NYSE:DAO) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $201.43 million.

Hedge Funds Weigh In On Youdao

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio increased its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,286 shares of the company’s stock after buying an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 as of its most recent SEC filing. Hedge funds and other 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.