Youdao (NYSE:DAO) Sees Unusually-High Trading Volume – What’s Next?

Youdao, Inc. (NYSE:DAO) saw unusually-high trading volume on Tuesday . Approximately 142,509 shares changed hands during trading, a decline of 10% from the previous session’s volume of 157,966 shares.The stock last traded at $10.80 and had previously closed at $10.27.

Wall Street Analysts Forecast Growth

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

Youdao Price Performance

The stock has a market capitalization of $1.25 billion, a PE ratio of 147.79 and a beta of 0.03. The business’s fifty day moving average price is $7.73 and its two-hundred day moving average price is $5.64.

Youdao (NYSE:DAO) last posted its earnings results on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. Youdao had a net margin of 1.03% and a negative return on equity of 3.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAO. Blue Trust Inc. lifted its position in Youdao by 29.1% during the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after purchasing an additional 1,969 shares during the period. Public Employees Retirement System of Ohio lifted its position in Youdao by 754.1% during the fourth 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 during the period. Symmetry Peak Management LLC acquired a new position in Youdao during the third quarter valued at $102,000. Jane Street Group LLC acquired a new position in Youdao during the fourth quarter valued at $119,000. Finally, Vident Advisory LLC raised its position in shares of Youdao by 35.6% in the fourth 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 period. 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.