Youdao (NYSE:DAO) Trading 7.9% Higher – Should You Buy?

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Youdao in a research note on Monday, December 22nd. Citigroup upgraded Youdao from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. Finally, Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. 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 stock presently has an average rating of “Hold”.

Youdao Trading Up 8.6%

The firm has a market capitalization of $1.20 billion, a P/E ratio of 76.74 and a beta of 0.36. The business’s 50 day simple moving average is $10.29 and its two-hundred day simple moving average is $9.88.

Youdao (NYSE:DAO) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $223.64 million for the quarter, compared to analysts’ expectations 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 boosted its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Youdao Company Profile

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.