Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report)’s stock price traded up 6.1% on Tuesday. The stock traded as high as $15.81 and last traded at $16.0750. 771 shares were traded during mid-day trading, a decline of 99% from the average session volume of 81,315 shares. The stock had previously closed at $15.15.
Analyst Upgrades and Downgrades
Several analysts have commented on DAO shares. Wall Street Zen upgraded shares of Youdao from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Citigroup boosted their target price on shares of Youdao from $14.90 to $22.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Finally, Weiss Ratings raised Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.00.
Check Out Our Latest Analysis on DAO
Youdao Stock Performance
Youdao (NYSE:DAO – Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Youdao had a net margin of 2.71% and a negative return on equity of 8.46%. The business had revenue of $215.91 million during the quarter, compared to the consensus estimate of $229.02 million.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Youdao stock. Public Employees Retirement System of Ohio bought a new stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,104 shares of the company’s stock, valued at approximately $346,000. 21.91% of the stock is currently owned by hedge funds and other institutional investors.
Youdao Company Profile
Youdao, Inc (NYSE: DAO) is a technology company focused on digital learning and knowledge services. It is a subsidiary of NetEase, Inc and develops internet-based tools that support language learning, education, translation and professional development.
The company offers online courses and learning applications covering subjects such as languages, academic preparation and professional skills. Its product portfolio has also included Youdao Dictionary, translation and writing tools, and smart learning hardware such as dictionary pens, scanning devices and other connected products designed to support students and educators.
Youdao primarily serves users in China through its online platforms, educational content and learning devices, while some of its language and translation products are available to users internationally.
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