Youdao (NYSE:DAO) Stock Price Up 5.8% – Still a Buy?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) rose 5.8% during mid-day trading on Wednesday . The company traded as high as $13.42 and last traded at $13.8040. Approximately 9,679 shares were traded during trading, a decline of 89% from the average session volume of 89,801 shares. The stock had previously closed at $13.05.

Analyst Upgrades and Downgrades

Several analysts have commented on DAO shares. Weiss Ratings lowered Youdao from a “sell (d+)” rating to a “sell (d)” rating in a 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Youdao Stock Performance

The stock has a market capitalization of $1.66 billion, a PE ratio of 153.83 and a beta of 0.56. The stock’s 50 day moving average is $11.90 and its two-hundred day moving average is $10.86.

Youdao (NYSE:DAO) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.05 EPS 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 company had revenue of $195.52 million during the quarter, compared to analyst estimates of $201.43 million.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio raised its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to 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 period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent quarter. 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.