Youdao (NYSE:DAO) Shares Up 5.4% – Time to Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price shot up 5.4% during trading on Tuesday . The stock traded as high as $12.00 and last traded at $12.0110. 3,097 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 90,804 shares. The stock had previously closed at $11.40.

Wall Street Analyst Weigh In

Several brokerages have commented on DAO. Weiss Ratings raised Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Wall Street Zen downgraded Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Youdao Stock Performance

The firm has a market capitalization of $1.43 billion, a PE ratio of 131.40 and a beta of 0.56. The company has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $10.56.

Youdao (NYSE:DAO) last issued its earnings results on Thursday, May 21st. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Youdao had a negative return on equity of 4.51% and a net margin of 1.19%.The business had revenue of $195.52 million during the quarter, compared to analysts’ expectations of $201.43 million.

Institutional Investors Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio grew its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,286 shares of the company’s stock after buying 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 reporting period. 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.