Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report)’s stock price rose 5.9% on Wednesday . The company traded as high as $12.29 and last traded at $12.5550. Approximately 281 shares were traded during trading, a decline of 100% from the average daily volume of 85,687 shares. The stock had previously closed at $11.85.
Wall Street Analyst Weigh In
DAO has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Youdao from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Citigroup raised shares of Youdao from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Report on Youdao
Youdao Stock Down 6.8%
Youdao (NYSE:DAO – Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $195.52 million for the quarter, compared to analyst estimates of $201.43 million. Youdao had a net margin of 1.81% and a negative return on equity of 6.41%.
Institutional Investors Weigh In On Youdao
A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio lifted its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) by 35.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent reporting period. 21.91% of the stock is currently owned by institutional investors and hedge funds.
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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