Weiss Ratings Reiterates Sell (D+) Rating for Youdao (NYSE:DAO)

Key Points

• Weiss Ratings has reiterated its "sell (D+)" rating for Youdao (NYSE:DAO), indicating ongoing concerns about the company's stock performance.
• In a separate report, Wall Street Zen downgraded Youdao's rating from "buy" to "hold," contributing to a consensus rating of "Reduce" from analysts.
• Youdao's stock experienced a 7.8% increase in trading, reaching $10.95, despite reporting disappointing earnings results with a revenue of only $197.82 million for the quarter.

Youdao (NYSE:DAO - Get Free Report)'s stock had its "sell (d+)" rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Youdao from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce".

Youdao Stock Up 7.8%

Shares of NYSE DAO traded up $0.79 during trading on Wednesday, hitting $10.95. The company had a trading volume of 156,583 shares, compared to its average volume of 83,992. The stock has a fifty day simple moving average of $9.10 and a two-hundred day simple moving average of $8.70. Youdao has a fifty-two week low of $4.21 and a fifty-two week high of $11.82. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 33.87 and a beta of 0.36.

Youdao (NYSE:DAO - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. Youdao had a net margin of 4.05% and a negative return on equity of 12.10%. The company had revenue of $197.82 million during the quarter, compared to analyst estimates of $1.38 billion.

Hedge Funds Weigh In On Youdao

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Youdao by 13,310.0% in the 4th quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock valued at $237,000 after acquiring an additional 31,811 shares during the period. Walleye Capital LLC grew its holdings in shares of Youdao by 226.1% in the first quarter. Walleye Capital LLC now owns 176,599 shares of the company's stock valued at $1,347,000 after purchasing an additional 122,450 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Youdao by 34.8% in the second quarter. Public Employees Retirement System of Ohio now owns 21,557 shares of the company's stock valued at $185,000 after purchasing an additional 5,565 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Youdao by 190.2% in the first quarter. Vident Advisory LLC now owns 57,192 shares of the company's stock valued at $436,000 after purchasing an additional 37,485 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Youdao by 83.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,456 shares of the company's stock valued at $1,049,000 after purchasing an additional 62,568 shares in the last quarter. 21.91% of the stock is owned by hedge funds and other institutional investors.

Youdao Company Profile

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.