Youdao (NYSE:DAO) Stock Price Down 8.1% – Here’s Why

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) were down 8.1% during trading on Monday . The stock traded as low as $17.11 and last traded at $16.86. 51,388 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 84,313 shares. The stock had previously closed at $18.34.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DAO shares. Wall Street Zen raised shares of Youdao from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Finally, Citigroup boosted their target price on Youdao from $14.90 to $22.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Youdao Stock Down 1.9%

The company has a market cap of $1.97 billion, a PE ratio of 81.97 and a beta of 0.59. The stock’s 50 day moving average is $14.84 and its 200-day moving average is $12.18.

Youdao (NYSE:DAO) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $215.91 million during the quarter, compared to analysts’ expectations of $229.02 million. Youdao had a net margin of 2.71% and a negative return on equity of 8.46%.

Institutional Trading of Youdao

A hedge fund recently bought a new position in Youdao stock. Public Employees Retirement System of Ohio acquired a new position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,104 shares of the company’s stock, valued at approximately $346,000. Institutional investors and hedge funds own 21.91% of the company’s stock.

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.