Youdao (NYSE:DAO) Shares Up 5.5% – What’s Next?

Youdao, Inc. (NYSE:DAO) shares shot up 5.5% during trading on Monday . The company traded as high as $8.83 and last traded at $8.49. 67,215 shares changed hands during trading, a decline of 10% from the average session volume of 75,035 shares. The stock had previously closed at $8.05.

Analyst Ratings Changes

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

Youdao Stock Performance

The firm has a fifty day moving average price of $7.11 and a 200 day moving average price of $5.18. The stock has a market cap of $1.05 billion, a PE ratio of 123.93 and a beta of 0.03.

Institutional Investors Weigh In On Youdao

Institutional investors have recently modified their holdings of the business. Symmetry Peak Management LLC purchased a new position in Youdao in the 3rd quarter worth approximately $102,000. Renaissance Technologies LLC lifted its stake in Youdao by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Youdao by 29.1% in the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock worth $65,000 after purchasing an additional 1,969 shares in the last quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Youdao Company Profile

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.