Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report)’s stock price was down 8.1% on Monday . The company traded as low as $17.11 and last traded at $16.86. 51,388 shares traded hands during trading, a decline of 39% from the average daily volume of 84,313 shares. The stock had previously closed at $18.34.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Youdao in a research note on Monday. Weiss Ratings upgraded shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Youdao from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Analysis on Youdao
Youdao Stock Performance
Youdao (NYSE:DAO – Get Free Report) last announced its earnings results on Thursday, August 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $215.91 million for the quarter, compared to analyst estimates of $229.02 million. Youdao had a negative return on equity of 8.46% and a net margin of 2.71%.
Hedge Funds Weigh In On Youdao
A hedge fund recently bought a new stake in Youdao stock. Public Employees Retirement System of Ohio bought a new stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 28,104 shares of the company’s stock, valued at approximately $346,000. Institutional investors and hedge funds own 21.91% of the company’s stock.
About Youdao
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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