Youdao (NYSE:DAO) Shares Up 5.8% – Should You Buy?

Shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) were up 5.8% on Tuesday . The company traded as high as $17.42 and last traded at $17.23. Approximately 14,845 shares traded hands during trading, a decline of 82% from the average daily volume of 83,936 shares. The stock had previously closed at $16.29.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings raised Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Wall Street Zen downgraded shares of Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Youdao Price Performance

The company has a market cap of $2.11 billion, a price-to-earnings ratio of 194.50 and a beta of 0.59. The firm has a 50-day moving average price of $14.21 and a 200 day moving average price of $11.90.

Youdao (NYSE:DAO) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $195.52 million during the quarter, compared to analysts’ expectations of $201.43 million. Youdao had a negative return on equity of 4.51% and a net margin of 1.19%.

Institutional Investors Weigh In On Youdao

A hedge fund recently bought a new stake in Youdao stock. Public Employees Retirement System of Ohio bought a new stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,104 shares of the company’s stock, valued at approximately $346,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.

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.