Youdao (NYSE:DAO) Stock Rating Lowered by Wall Street Zen

Key Points

• Youdao (NYSE:DAO) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen in a recent research report.
• The company's latest earnings report showed a revenue of $197.82 million, significantly lower than the expected $1.38 billion, and an EPS of ($0.02).
• Institutional investors have been actively trading Youdao shares, with Walleye Capital LLC increasing its holdings by 226.1% in the first quarter of this year.

Youdao (NYSE:DAO - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

Youdao Price Performance

Shares of DAO stock traded up $0.05 during trading hours on Friday, reaching $9.20. The stock had a trading volume of 76,749 shares, compared to its average volume of 109,867. Youdao has a twelve month low of $3.00 and a twelve month high of $11.82. The firm has a 50-day simple moving average of $8.82 and a 200-day simple moving average of $8.69. The firm has a market capitalization of $1.10 billion, a PE ratio of 32.86 and a beta of 0.24.

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

Hedge Funds Weigh In On Youdao

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Youdao by 754.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock valued at $70,000 after buying an additional 8,318 shares during the period. Walleye Trading LLC acquired a new position in Youdao during the 1st quarter valued at about $115,000. Jane Street Group LLC acquired a new position in Youdao during the 4th quarter valued at about $119,000. Vident Advisory LLC increased its stake in Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock valued at $146,000 after buying an additional 5,170 shares during the period. Finally, Bank of America Corp DE grew 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 worth $237,000 after purchasing an additional 31,811 shares during the last quarter. Institutional investors and hedge funds own 21.91% of the company's stock.

About Youdao

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.