Youdao (NYSE:DAO) Reaches New 12-Month High – Here’s What Happened

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shares hit a new 52-week high on Monday . The stock traded as high as $13.04 and last traded at $12.68, with a volume of 19635 shares changing hands. The stock had previously closed at $12.42.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Youdao from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Citigroup upgraded Youdao from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Youdao currently has a consensus rating of “Hold”.

Youdao Stock Up 1.4%

The company has a 50-day moving average price of $10.47 and a two-hundred day moving average price of $10.27. The stock has a market capitalization of $1.50 billion, a P/E ratio of 95.52 and a beta of 0.57.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.