Youdao, Inc. Unsponsored ADR (NYSE:DAO - Get Free Report) rose 1.6% during mid-day trading on Monday . The stock traded as high as $8.79 and last traded at $8.73. Approximately 39,200 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 125,371 shares. The stock had previously closed at $8.59.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Youdao from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.
Read Our Latest Stock Report on DAO
Youdao Stock Up 0.3%
The company has a 50-day moving average of $8.90 and a 200 day moving average of $8.30. The stock has a market capitalization of $1.05 billion, a PE ratio of 49.00 and a beta of 0.28.
Youdao (NYSE:DAO - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.12). The business had revenue of $191.74 million for the quarter, compared to analysts' expectations of $1.30 billion. Youdao had a negative return on equity of 6.87% and a net margin of 2.67%.
Institutional Investors Weigh In On Youdao
Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in shares of Youdao by 754.1% in the fourth 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 first quarter valued at approximately $115,000. Jane Street Group LLC acquired a new stake in shares of Youdao in the fourth quarter valued at approximately $119,000. Vident Advisory LLC increased its holdings in shares of Youdao by 35.6% in the fourth 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 increased its holdings in shares of Youdao by 13,310.0% in the fourth 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. 21.91% of the stock is currently owned by institutional investors and hedge funds.
Youdao Company Profile
(
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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