Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report)’s stock price was down 4.4% during trading on Monday . The stock traded as low as $16.16 and last traded at $16.0560. Approximately 5,410 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 85,939 shares. The stock had previously closed at $16.80.
Analysts Set New Price Targets
A number of brokerages recently commented on DAO. Weiss Ratings raised Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Youdao Stock Performance
Youdao (NYSE:DAO – Get Free Report) last released its earnings results on Thursday, May 21st. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $195.52 million for the quarter, compared to analysts’ expectations of $201.43 million. Youdao had a net margin of 1.19% and a negative return on equity of 4.51%.
Hedge Funds Weigh In On Youdao
An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio grew its holdings in Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) by 35.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,286 shares of the company’s stock after acquiring 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. Hedge funds and other 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.
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