Youdao (NYSE:DAO) Stock Price Down 6.3% – What’s Next?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) was down 6.3% during mid-day trading on Wednesday . The company traded as low as $15.56 and last traded at $15.3570. 25,491 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 84,981 shares. The stock had previously closed at $16.39.

Analyst Upgrades and Downgrades

DAO has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Youdao from $14.90 to $22.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Weiss Ratings upgraded shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded Youdao from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.00.

Youdao Stock Down 6.3%

The firm has a 50 day moving average price of $15.32 and a 200 day moving average price of $12.42. The stock has a market capitalization of $1.85 billion, a PE ratio of 77.00 and a beta of 0.52.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio boosted its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC). 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.