Youdao (NYSE:DAO) Sees Strong Trading Volume – Still a Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAOGet Free Report) saw strong trading volume on Tuesday . 219,308 shares changed hands during trading, an increase of 158% from the previous session’s volume of 84,889 shares.The stock last traded at $15.9110 and had previously closed at $16.39.

Analysts Set New Price Targets

Several brokerages have issued reports on DAO. Weiss Ratings raised Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. Citigroup increased their target price on shares of Youdao from $14.90 to $22.00 and gave the company a “buy” rating in a report on Monday, August 24th. Finally, Wall Street Zen raised shares of Youdao from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Youdao presently has a consensus rating of “Hold” and an average price target of $22.00.

Check Out Our Latest Research Report on DAO

Youdao Price Performance

The firm’s 50 day moving average price is $15.23 and its 200 day moving average price is $12.37. The stock has a market capitalization of $1.94 billion, a P/E ratio of 80.45 and a beta of 0.59.

Youdao (NYSE:DAOGet Free Report) last posted its earnings results on Thursday, August 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. Youdao had a negative return on equity of 8.46% and a net margin of 2.71%.The company had revenue of $215.91 million for the quarter, compared to analysts’ expectations of $229.02 million.

Institutional Trading of Youdao

A hedge fund recently bought a new stake in Youdao stock. Public Employees Retirement System of Ohio acquired a new position in Youdao, Inc. Unsponsored ADR (NYSE:DAOFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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

(Get Free Report)

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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