Youdao (NYSE:DAO) Stock Price Up 7.9% – Still a Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s stock price shot up 7.9% during trading on Friday . The stock traded as high as $15.14 and last traded at $15.2890. 30,458 shares traded hands during trading, a decline of 66% from the average session volume of 89,177 shares. The stock had previously closed at $14.17.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. Wall Street Zen lowered 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 given a Sell rating to the company. Based on data from MarketBeat, Youdao currently has a consensus rating of “Hold”.

Youdao Price Performance

The company has a market capitalization of $1.79 billion, a P/E ratio of 164.94 and a beta of 0.56. The stock has a 50-day moving average price of $12.30 and a 200-day moving average price of $11.13.

Youdao (NYSE:DAO) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $195.52 million for the quarter, compared to analyst estimates 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 raised its position in Youdao stock. Public Employees Retirement System of Ohio lifted its position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,286 shares of the company’s stock after buying an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent reporting period. 21.91% of the stock is currently owned by institutional investors.

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.