Youdao (NYSE:DAO - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.
Youdao Stock Performance
Youdao stock traded down $0.11 during trading hours on Thursday, hitting $9.11. The company had a trading volume of 2,449 shares, compared to its average volume of 154,712. The firm has a market cap of $1.10 billion, a P/E ratio of 91.10 and a beta of 0.35. The company has a 50-day moving average price of $8.16 and a two-hundred day moving average price of $7.66. Youdao has a 1 year low of $2.86 and a 1 year high of $11.82.
Youdao (NYSE:DAO - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). Youdao had a net margin of 1.50% and a negative return on equity of 3.75%. The company had revenue of $191.74 million for the quarter, compared to the consensus estimate of $1.30 billion.
Hedge Funds Weigh In On Youdao
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Advisory LLC raised 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 acquiring an additional 37,485 shares in the last quarter. Walleye Trading LLC purchased a new position in Youdao during the 1st quarter valued at about $115,000. Walleye Capital LLC raised 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. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Youdao by 83.5% in the 1st 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. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Youdao by 754.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock worth $70,000 after purchasing an additional 8,318 shares during the period. Institutional investors own 21.91% of the company's stock.
About Youdao
(
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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