Youdao (NYSE:DAO) Shares Down 4.1% – Here’s What Happened

Posted by Don Miller on Jan 2nd, 2025

Youdao, Inc. (NYSE:DAO – Get Free Report)’s share price dropped 4.1% during mid-day trading on Thursday . The company traded as low as $7.02 and last traded at $7.10. Approximately 8,284 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 119,351 shares. The stock had previously closed at $7.40.

Analyst Ratings Changes

Separately, Citigroup cut shares of Youdao from a “buy” rating to a “neutral” rating in a research report on Thursday, December 19th.

View Our Latest Research Report on DAO

Youdao Trading Down 4.1 %

The firm has a fifty day moving average of $6.15 and a two-hundred day moving average of $4.59. The company has a market capitalization of $858.53 million, a PE ratio of 101.43 and a beta of 0.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Symmetry Peak Management LLC purchased a new stake in Youdao during the 3rd quarter valued at $102,000. Renaissance Technologies LLC grew its stake in shares of Youdao by 6.7% in the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Youdao by 98.4% during the 2nd quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock valued at $928,000 after purchasing an additional 118,245 shares during the period. Institutional investors own 21.91% of the company’s stock.

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.