Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $15.63, but opened at $16.59. Youdao shares last traded at $16.5640, with a volume of 3,724 shares traded.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Citigroup boosted their price target on Youdao from $14.90 to $22.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Wall Street Zen upgraded Youdao from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.00.
View Our Latest Report on Youdao
Youdao Stock Up 0.9%
Youdao (NYSE:DAO – Get Free Report) last announced its earnings results on Thursday, August 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $215.91 million during the quarter, compared to analyst estimates of $229.02 million. Youdao had a net margin of 2.71% and a negative return on equity of 8.46%.
Institutional Trading of Youdao
An institutional investor recently bought a new position in Youdao stock. Public Employees Retirement System of Ohio bought a new position in Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,104 shares of the company’s stock, valued at approximately $346,000. 21.91% of the stock is owned by hedge funds and other institutional investors.
About Youdao
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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