Youdao, Inc. Unsponsored ADR (NYSE:DAO - Get Free Report)'s stock price was up 1.6% during trading on Monday . The company traded as high as $8.79 and last traded at $8.73. Approximately 39,200 shares were traded during trading, a decline of 69% from the average daily volume of 125,371 shares. The stock had previously closed at $8.59.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Youdao from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.
View Our Latest Analysis on DAO
Youdao Stock Performance
The company has a market capitalization of $1.04 billion, a P/E ratio of 48.58 and a beta of 0.28. The firm has a 50 day moving average price of $8.90 and a two-hundred day moving average price of $8.32.
Youdao (NYSE:DAO - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.30 billion.
Hedge Funds Weigh In On Youdao
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of Youdao by 3.3% in the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock valued at $423,000 after acquiring an additional 1,800 shares during the last quarter. Vident Advisory LLC grew its position in Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock worth $146,000 after acquiring an additional 5,170 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings 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 purchasing an additional 8,318 shares in the last quarter. Walleye Trading LLC acquired a new stake in shares of Youdao in the first quarter valued at $115,000. Finally, Jane Street Group LLC bought a new position in shares of Youdao in the fourth quarter valued at about $119,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.
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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