Youdao (NYSE:DAO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.
Youdao Trading Down 3.1%
Shares of Youdao stock traded down $0.29 during trading on Thursday, reaching $8.97. The stock had a trading volume of 46,083 shares, compared to its average volume of 153,495. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 89.71 and a beta of 0.35. The stock has a fifty day moving average price of $8.20 and a two-hundred day moving average price of $7.78. Youdao has a 52 week low of $2.86 and a 52 week high of $11.82.
Youdao (NYSE:DAO - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.12). The firm had revenue of $191.74 million during the quarter, compared to analyst estimates of $1.30 billion. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Walleye Capital LLC boosted its holdings in shares of Youdao by 226.1% in the 1st 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. Norges Bank bought a new stake in Youdao in the fourth quarter valued at approximately $715,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Youdao during the fourth quarter worth $554,000. Marshall Wace LLP acquired a new stake in Youdao during the 4th quarter worth about $479,000. Finally, Vident Advisory LLC grew its stake in Youdao by 190.2% during the first quarter. Vident Advisory LLC now owns 57,192 shares of the company's stock worth $436,000 after purchasing an additional 37,485 shares during the period. Institutional investors and hedge funds own 21.91% of the company's stock.
Youdao Company Profile
(
Get Free Report)
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.
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