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 Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday.

Youdao Trading Up 1.0%

NYSE DAO traded up $0.09 on Friday, hitting $9.19. 31,513 shares of the company's stock were exchanged, compared to its average volume of 122,960. The stock has a 50-day moving average of $8.80 and a 200-day moving average of $8.68. Youdao has a 52 week low of $3.00 and a 52 week high of $11.82. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 32.83 and a beta of 0.24.

Youdao (NYSE:DAO - Get Free Report) last released its earnings results 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 business had revenue of $197.82 million for the quarter, compared to the consensus estimate of $1.38 billion.

Institutional Investors Weigh In On Youdao

A number of institutional investors have recently made changes to their positions in DAO. Public Employees Retirement System of Ohio grew 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 valued at $70,000 after buying an additional 8,318 shares during the last quarter. Walleye Trading LLC acquired a new stake in shares of Youdao in the 1st quarter valued at about $115,000. Jane Street Group LLC acquired a new stake in shares of Youdao in the 4th quarter valued at about $119,000. Vident Advisory LLC boosted 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 purchasing an additional 5,170 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Youdao by 13,310.0% during the 4th quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock valued at $237,000 after purchasing an additional 31,811 shares during the last quarter. Institutional investors own 21.91% of the company's stock.

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.