Youdao (NYSE:DAO) Lowered to Hold Rating by Wall Street Zen

Youdao (NYSE:DAO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Youdao in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Youdao has a consensus rating of “Reduce”.

Youdao Price Performance

Shares of NYSE:DAO opened at $10.07 on Friday. Youdao has a 1 year low of $5.94 and a 1 year high of $11.82. The firm has a market capitalization of $1.20 billion, a PE ratio of 59.24 and a beta of 0.36. The business’s 50 day moving average price is $10.21 and its 200-day moving average price is $9.35.

Institutional Trading of Youdao

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Youdao by 34.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 21,557 shares of the company’s stock worth $185,000 after acquiring an additional 5,565 shares during the period. Walleye Trading LLC acquired a new stake in Youdao during the first quarter worth about $115,000. Vident Advisory LLC raised its stake in Youdao by 190.2% during the first quarter. Vident Advisory LLC now owns 57,192 shares of the company’s stock worth $436,000 after purchasing an additional 37,485 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Youdao by 83.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,456 shares of the company’s stock valued at $1,049,000 after purchasing an additional 62,568 shares during the last quarter. Finally, Walleye Capital LLC boosted its holdings in Youdao by 226.1% in the 1st quarter. Walleye Capital LLC now owns 176,599 shares of the company’s stock valued at $1,347,000 after purchasing an additional 122,450 shares during the last quarter. 21.91% of the stock is owned by institutional investors and hedge funds.

About Youdao

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.