Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report)’s share price fell 8.5% on Monday . The company traded as low as $11.13 and last traded at $11.0250. 84,678 shares traded hands during trading, a decline of 6% from the average session volume of 90,391 shares. The stock had previously closed at $12.05.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on DAO. Weiss Ratings upgraded Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Wall Street Zen cut Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Youdao presently has an average rating of “Hold”.
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Youdao Trading Down 9.0%
Youdao (NYSE:DAO – Get Free Report) last released its earnings results on Thursday, May 21st. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $201.43 million.
Institutional Trading of Youdao
A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio increased its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) by 35.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,286 shares of the company’s stock after buying an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 as of its most recent filing with the Securities & Exchange Commission. 21.91% of the stock is currently 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.
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