Youdao (NYSE:DAO) Sets New 1-Year High – Time to Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $13.04 and last traded at $12.68, with a volume of 19635 shares trading hands. The stock had previously closed at $12.42.

Analyst Ratings Changes

Several research firms have commented on DAO. Citigroup upgraded shares of Youdao from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. Wall Street Zen upgraded shares of Youdao from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Youdao Stock Down 2.0%

The company’s 50 day moving average is $10.37 and its 200 day moving average is $10.24. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 93.66 and a beta of 0.57.

Youdao (NYSE:DAO) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Youdao had a net margin of 1.81% and a negative return on equity of 6.41%. The business had revenue of $223.64 million for the quarter, compared to the consensus estimate of $211.46 million.

Hedge Funds Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio increased its position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent reporting period. Institutional investors own 21.91% of the company’s stock.

About Youdao

Youdao, Inc (NYSE: DAO), established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations.

At the core of Youdao’s offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.