Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report) rose 5.4% on Tuesday . The company traded as high as $12.00 and last traded at $12.0110. Approximately 3,097 shares were traded during trading, a decline of 97% from the average daily volume of 90,804 shares. The stock had previously closed at $11.40.
Analyst Upgrades and Downgrades
DAO has been the subject of a number of analyst reports. Weiss Ratings upgraded Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Wall Street Zen cut Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
View Our Latest Stock Analysis on DAO
Youdao Stock Performance
Youdao (NYSE:DAO – Get Free Report) last announced its earnings results on Thursday, May 21st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Youdao had a negative return on equity of 4.51% and a net margin of 1.19%.The company had revenue of $195.52 million for the quarter, compared to analyst estimates of $201.43 million.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) by 35.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,286 shares of the company’s stock after buying an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.
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