Youdao (NYSE:DAO) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Youdao (NYSE:DAO) from a hold rating to a buy rating in a report published on Saturday.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Youdao in a research note on Monday, December 22nd. Citigroup upgraded shares of Youdao from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Youdao Stock Performance

Shares of NYSE DAO opened at $10.64 on Friday. Youdao has a fifty-two week low of $7.42 and a fifty-two week high of $12.95. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 81.88 and a beta of 0.48. The firm’s 50-day simple moving average is $9.97 and its 200 day simple moving average is $10.19.

Youdao (NYSE:DAO) last posted its earnings results on Thursday, February 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. Youdao had a net margin of 1.81% and a negative return on equity of 6.41%. The firm had revenue of $223.64 million for the quarter, compared to analysts’ expectations of $211.46 million.

Institutional Trading of Youdao

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio boosted its holdings in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to its most recent Form 13F 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 reporting period. 21.91% of the stock is currently owned by institutional investors and hedge funds.

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.