Youdao (NYSE:DAO) Shares Up 4.3% – What’s Next?

Youdao, Inc. (NYSE:DAO)’s stock price traded up 4.3% during mid-day trading on Wednesday . The stock traded as high as $7.90 and last traded at $7.96. 76,081 shares traded hands during trading, a decline of 38% from the average session volume of 122,559 shares. The stock had previously closed at $7.63.

Analysts Set New Price Targets

Separately, Citigroup cut Youdao from a “buy” rating to a “neutral” rating in a research report on Thursday, December 19th.

Youdao Trading Up 3.1 %

The stock’s fifty day moving average price is $8.52 and its 200 day moving average price is $6.57. The stock has a market cap of $951.40 million, a P/E ratio of 78.65 and a beta of 0.36.

Youdao (NYSE:DAO) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $183.55 million during the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%.

Hedge Funds Weigh In On Youdao

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in shares of Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock worth $65,000 after buying an additional 1,969 shares during the period. Public Employees Retirement System of Ohio increased its stake in Youdao by 754.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company’s stock worth $70,000 after purchasing an additional 8,318 shares during the period. Symmetry Peak Management LLC bought a new stake in Youdao in the third quarter valued at approximately $102,000. Jane Street Group LLC purchased a new position in shares of Youdao in the fourth quarter worth $119,000. Finally, Vident Advisory LLC boosted its position in Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company’s stock valued at $146,000 after buying an additional 5,170 shares during the period. Institutional investors own 21.91% of the company’s stock.

About Youdao

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.