Youdao (NYSE:DAO) Trading Down 6.9% – Time to Sell?

Youdao, Inc. (NYSE:DAO) was down 6.9% during trading on Friday . The company traded as low as $7.30 and last traded at $7.50. Approximately 33,424 shares changed hands during trading, a decline of 73% from the average daily volume of 122,880 shares. The stock had previously closed at $8.06.

Analyst Upgrades and Downgrades

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

Youdao Stock Up 1.0 %

The stock has a market cap of $984.29 million, a price-to-earnings ratio of 81.41 and a beta of 0.36. The company has a 50 day simple moving average of $8.58 and a 200-day simple moving average of $6.59.

Youdao (NYSE:DAO) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%. The firm had revenue of $183.55 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DAO. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 1,969 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Youdao by 754.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company’s stock worth $70,000 after buying an additional 8,318 shares in the last quarter. Jane Street Group LLC acquired a new stake in Youdao in the 4th quarter valued at approximately $119,000. Vident Advisory LLC boosted 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 period. Finally, Symmetry Peak Management LLC bought a new position in shares of Youdao in the third quarter worth $102,000. 21.91% of the stock is currently owned by institutional investors.

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.