Youdao (NYSE:DAO) Reaches New 1-Year High – Here’s What Happened

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.00 and last traded at $14.32, with a volume of 634 shares changing hands. The stock had previously closed at $13.95.

Analyst Upgrades and Downgrades

Several research firms have commented on DAO. Weiss Ratings downgraded shares of Youdao from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 29th. Wall Street Zen downgraded Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Youdao has a consensus rating of “Hold”.

Youdao Trading Up 4.8%

The stock has a market capitalization of $1.79 billion, a P/E ratio of 164.94 and a beta of 0.56. The business’s fifty day simple moving average is $12.30 and its two-hundred day simple moving average is $11.13.

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

Hedge Funds Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio boosted its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter. 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.