Youdao, Inc. Unsponsored ADR (NYSE:DAO - Get Free Report)'s stock price shot up 1.6% on Monday . The stock traded as high as $8.79 and last traded at $8.73. 39,200 shares were traded during trading, a decline of 69% from the average session volume of 125,371 shares. The stock had previously closed at $8.59.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Youdao from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.
View Our Latest Stock Analysis on DAO
Youdao Stock Performance
The company has a market capitalization of $1.04 billion, a P/E ratio of 48.47 and a beta of 0.28. The stock has a 50 day moving average price of $8.90 and a 200 day moving average price of $8.30.
Youdao (NYSE:DAO - Get Free Report) last released 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). The business had revenue of $191.74 million for the quarter, compared to the consensus estimate 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
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAO. Public Employees Retirement System of Ohio raised its stake in 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 acquiring an additional 8,318 shares during the period. Walleye Trading LLC bought a new stake in Youdao in the 1st quarter valued at about $115,000. Jane Street Group LLC bought a new stake in Youdao in the 4th quarter valued at about $119,000. Vident Advisory LLC raised its stake in 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 acquiring an additional 5,170 shares during the period. Finally, Bank of America Corp DE raised its stake in 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 acquiring an additional 31,811 shares during the period. 21.91% of the stock is currently owned by institutional investors.
About Youdao
(
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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