Youdao (NYSE:DAO) Stock Price Down 6.5% – Time to Sell?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) dropped 6.5% during mid-day trading on Thursday . The company traded as low as $11.75 and last traded at $10.9960. Approximately 1,178 shares were traded during trading, a decline of 99% from the average daily volume of 89,420 shares. The stock had previously closed at $11.76.

Analyst Upgrades and Downgrades

DAO has been the topic of a number of recent analyst reports. Weiss Ratings lowered Youdao from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. Wall Street Zen cut Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Citigroup upgraded Youdao from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Youdao Trading Down 0.0%

The stock’s 50 day moving average price is $11.22 and its 200 day moving average price is $10.51. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 131.42 and a beta of 0.56.

Youdao (NYSE:DAO) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $201.43 million.

Institutional Trading of Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio increased its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the third quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent filing with the SEC. 21.91% of the stock is owned by hedge funds and other institutional investors.

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.