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

Youdao, Inc. (NYSE:DAO - Get Free Report) traded down 3.5% on Tuesday . The company traded as low as $8.90 and last traded at $8.94. 37,144 shares were traded during mid-day trading, a decline of 76% from the average session volume of 153,405 shares. The stock had previously closed at $9.26.

Analyst Upgrades and Downgrades

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

Youdao Stock Performance

The stock has a fifty day simple moving average of $8.30 and a two-hundred day simple moving average of $7.87. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 93.00 and a beta of 0.35.

Youdao (NYSE:DAO - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.12). Youdao had a negative return on equity of 3.75% and a net margin of 1.50%. The business had revenue of $191.74 million for the quarter, compared to analyst estimates of $1.30 billion.

Institutional Trading of Youdao

A number of large investors have recently bought and sold shares of DAO. Walleye Capital LLC grew its holdings in Youdao by 226.1% during the 1st quarter. Walleye Capital LLC now owns 176,599 shares of the company's stock worth $1,347,000 after acquiring an additional 122,450 shares during the period. Norges Bank bought a new position in shares of Youdao during the 4th quarter worth about $715,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Youdao during the 4th quarter worth about $554,000. Marshall Wace LLP bought a new position in shares of Youdao during the 4th quarter worth about $479,000. Finally, Vident Advisory LLC boosted its position in shares of Youdao by 190.2% during the 1st quarter. Vident Advisory LLC now owns 57,192 shares of the company's stock worth $436,000 after purchasing an additional 37,485 shares in the last quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.

About Youdao

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.