Youdao (NYSE:DAO) Stock Price Up 5.7% – Here’s What Happened

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price traded up 5.7% during trading on Wednesday. The stock traded as high as $18.88 and last traded at $19.1540. 20,990 shares traded hands during trading, a decline of 74% from the average session volume of 79,306 shares. The stock had previously closed at $18.12.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAO. Weiss Ratings raised Youdao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Wall Street Zen raised Youdao from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Finally, Citigroup boosted their target price on shares of Youdao from $14.90 to $22.00 and gave the stock a “buy” rating in a report on Monday, August 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.00.

Youdao Trading Down 5.0%

The company has a market capitalization of $2.23 billion, a PE ratio of 92.86 and a beta of 0.52. The firm’s 50-day simple moving average is $16.08 and its 200-day simple moving average is $13.64.

Youdao (NYSE:DAO) last issued its earnings results on Thursday, August 20th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Youdao had a net margin of 2.71% and a negative return on equity of 8.46%. The business had revenue of $215.91 million for the quarter, compared to analyst estimates of $229.02 million.

Institutional Investors Weigh In On Youdao

An institutional investor recently bought a new position in Youdao stock. Public Employees Retirement System of Ohio purchased a new position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 28,104 shares of the company’s stock, valued at approximately $346,000. 21.91% of the stock is owned by hedge funds and other institutional investors.

Youdao Company Profile

Youdao, Inc (NYSE: DAO) is a technology company focused on digital learning and knowledge services. It is a subsidiary of NetEase, Inc and develops internet-based tools that support language learning, education, translation and professional development.

The company offers online courses and learning applications covering subjects such as languages, academic preparation and professional skills. Its product portfolio has also included Youdao Dictionary, translation and writing tools, and smart learning hardware such as dictionary pens, scanning devices and other connected products designed to support students and educators.

Youdao primarily serves users in China through its online platforms, educational content and learning devices, while some of its language and translation products are available to users internationally.