Youdao (NYSE:DAO) Sets New 52-Week High - Time to Buy?

Key Points

• Youdao shares reached a new 52-week high of $18.50 and last traded at $18.05, well above the 50-day and 200-day moving averages of $13.61 and $11.67.
• Analyst sentiment remains cautious: one analyst rates the stock Buy and another Sell, resulting in a consensus Hold rating. The stock also carries a high P/E ratio of 200.56.
• Youdao met quarterly earnings expectations with EPS of $0.05, but revenue of $195.52 million fell short of the $201.43 million estimate; institutional investors own about 21.91% of the company.

Youdao, Inc. Unsponsored ADR (NYSE:DAO - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $18.50 and last traded at $18.05, with a volume of 36184 shares. The stock had previously closed at $18.14.

Wall Street Analysts Forecast Growth

DAO has been the topic of several research reports. Weiss Ratings raised shares of Youdao from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, July 17th. Wall Street Zen lowered Youdao from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Youdao Price Performance

The company has a 50 day moving average of $13.61 and a 200-day moving average of $11.67. The company has a market cap of $2.17 billion, a P/E ratio of 200.56 and a beta of 0.59.

Youdao (NYSE:DAO - Get Free Report) last announced its earnings results on Thursday, May 21st. The company reported $0.05 earnings per share for the quarter, hitting analysts' consensus estimates of $0.05. The business had revenue of $195.52 million for the quarter, compared to analyst estimates of $201.43 million. Youdao had a negative return on equity of 4.51% and a net margin of 1.19%.

Hedge Funds Weigh In On Youdao

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio raised its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO - Free Report) by 35.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,286 shares of the company's stock after buying an additional 7,729 shares during the period. Public Employees Retirement System of Ohio's holdings in Youdao were worth $291,000 at the end of the most recent quarter. 21.91% of the stock is owned by institutional investors.

Youdao Company Profile

Youdao, Inc NYSE: DAO, established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations.

At the core of Youdao's offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.

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