Youdao (NYSE:DAO) Reaches New 12-Month High – Here’s Why

Youdao, Inc. (NYSE:DAO)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $8.07 and last traded at $7.97, with a volume of 63569 shares. The stock had previously closed at $7.56.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Youdao from a “buy” rating to a “neutral” rating in a research note on Thursday, December 19th.

Youdao Price Performance

The stock has a market cap of $967.48 million, a price-to-earnings ratio of 114.30 and a beta of 0.01. The company’s fifty day moving average price is $6.95 and its 200-day moving average price is $5.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in shares of Youdao by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after acquiring an additional 3,300 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Youdao in the 3rd quarter worth $102,000. Finally, Blue Trust Inc. increased its stake in shares of Youdao by 29.1% in the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock worth $65,000 after acquiring an additional 1,969 shares during the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Youdao Company Profile

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.