Youdao (NYSE:DAO) Hits New 1-Year High – Here’s What Happened

Youdao, Inc. Unsponsored ADR (NYSE:DAOGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.00 and last traded at $15.8860, with a volume of 34500 shares. The stock had previously closed at $15.36.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings raised Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Wall Street Zen cut Youdao from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Get Our Latest Report on DAO

Youdao Price Performance

The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 174.23 and a beta of 0.56. The business’s 50 day moving average price is $12.80 and its 200-day moving average price is $11.39.

Youdao (NYSE:DAOGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates 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 Trading of Youdao

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio increased its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAOFree Report) by 35.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,286 shares of the company’s stock after acquiring 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 SEC filing. 21.91% of the stock is currently owned by institutional investors.

Youdao Company Profile

(Get Free Report)

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

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