Youdao (NYSE:DAO) Trading Up 5.9% – Here’s Why

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shot up 5.9% during trading on Wednesday . The stock traded as high as $12.29 and last traded at $12.5550. 281 shares changed hands during trading, a decline of 100% from the average session volume of 85,687 shares. The stock had previously closed at $11.85.

Analyst Ratings Changes

Several research firms have recently commented on DAO. Wall Street Zen upgraded Youdao from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Citigroup upgraded Youdao from a “hold” rating to a “buy” rating in a 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 data from MarketBeat.com, Youdao presently has an average rating of “Hold”.

Youdao Price Performance

The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 97.35 and a beta of 0.57. The business has a fifty day moving average of $10.66 and a 200 day moving average of $10.31.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio boosted its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing. Institutional investors 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.