Youdao, Inc. Unsponsored ADR (NYSE:DAO - Get Free Report)'s stock price traded up 1.6% on Monday . The company traded as high as $8.79 and last traded at $8.73. 39,200 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 125,371 shares. The stock had previously closed at $8.59.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Youdao from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.
Read Our Latest Analysis on Youdao
Youdao Trading Down 0.3%
The company has a market cap of $1.05 billion, a PE ratio of 49.06 and a beta of 0.28. The firm's 50-day simple moving average is $8.90 and its two-hundred day simple moving average is $8.30.
Youdao (NYSE:DAO - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). Youdao had a net margin of 2.67% and a negative return on equity of 6.87%. The business had revenue of $191.74 million for the quarter, compared to analyst estimates of $1.30 billion.
Institutional Trading of Youdao
Several institutional investors and hedge funds have recently bought and sold shares of DAO. Public Employees Retirement System of Ohio lifted 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 acquiring an additional 8,318 shares during the period. Walleye Trading LLC acquired a new position in shares of Youdao in the 1st quarter valued at $115,000. Jane Street Group LLC acquired a new position in shares of Youdao in the 4th quarter valued at $119,000. Vident Advisory LLC lifted its stake in shares of Youdao by 35.6% in 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 period. Finally, Bank of America Corp DE lifted 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 valued at $237,000 after purchasing an additional 31,811 shares during the period. 21.91% of the stock is currently owned by institutional investors and hedge funds.
Youdao Company Profile
(
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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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