Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $12.30, but opened at $11.55. Youdao shares last traded at $12.51, with a volume of 466 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on DAO shares. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded Youdao from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on DAO
Youdao Trading Up 3.6%
Youdao (NYSE:DAO – Get Free Report) last announced its earnings results on Thursday, May 21st. The company reported $0.05 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 Investors Weigh In On Youdao
An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio raised its holdings in Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) by 35.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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. Institutional investors own 21.91% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Youdao
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
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.
