Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report) shares fell 6.5% during mid-day trading on Thursday . The company traded as low as $11.75 and last traded at $10.9960. 1,178 shares changed hands during trading, a decline of 99% from the average session volume of 89,420 shares. The stock had previously closed at $11.76.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Citigroup raised shares of Youdao from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. Wall Street Zen cut Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings cut Youdao from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Youdao
Youdao Stock Down 0.0%
Youdao (NYSE:DAO – Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Youdao had a negative return on equity of 4.51% and a net margin of 1.19%.The firm had revenue of $195.52 million for the quarter, compared to analyst estimates of $201.43 million.
Institutional Investors Weigh In On Youdao
An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio grew its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) by 35.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.91% of the company’s stock.
Youdao Company Profile
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.
Further Reading
- Five stocks we like better than Youdao
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Receive News & Ratings for Youdao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Youdao and related companies with MarketBeat.com's FREE daily email newsletter.
