Youdao (NYSE:DAO) Stock Price Up 7.9% – Still a Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shot up 7.9% during trading on Friday . The stock traded as high as $9.52 and last traded at $9.9070. 2,520 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 112,424 shares. The stock had previously closed at $9.18.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DAO. Citigroup upgraded shares of Youdao from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. Wall Street Zen downgraded shares of Youdao from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Youdao in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Youdao Stock Performance

The firm’s 50 day moving average is $10.29 and its 200 day moving average is $9.88. The stock has a market cap of $1.20 billion, a P/E ratio of 76.74 and a beta of 0.36.

Youdao (NYSE:DAO) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $223.64 million for the quarter, compared to analyst estimates of $211.46 million. Youdao had a negative return on equity of 6.41% and a net margin of 1.81%.

Institutional Investors Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio grew its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to the company in its most recent disclosure 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.