Youdao (NYSE:DAO) Shares Down 3.5% - Time to Sell?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO - Get Free Report) traded down 3.5% during trading on Thursday . The company traded as low as $8.00 and last traded at $8.26. 9,467 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 125,502 shares. The stock had previously closed at $8.55.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Youdao from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Youdao Stock Performance

The firm has a market capitalization of $998.14 million, a P/E ratio of 46.45 and a beta of 0.34. The stock's 50 day simple moving average is $8.84 and its 200 day simple moving average is $8.22.

Youdao (NYSE:DAO - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.12). Youdao had a negative return on equity of 6.87% and a net margin of 2.67%. The company had revenue of $191.74 million during 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 modified their holdings of DAO. Walleye Capital LLC boosted its stake in shares of Youdao by 226.1% during the first 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 position in shares of Youdao during the fourth quarter valued at approximately $715,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Youdao during the fourth quarter valued at approximately $554,000. Marshall Wace LLP bought a new position in shares of Youdao during the fourth quarter valued at approximately $479,000. Finally, Vident Advisory LLC boosted its stake in shares of Youdao by 190.2% during the first quarter. Vident Advisory LLC now owns 57,192 shares of the company's stock valued at $436,000 after purchasing an additional 37,485 shares in the last quarter. 21.91% of the stock is currently owned by institutional investors.

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.