Youdao (NYSE:DAO) Stock Price Up 3.4% – Should You Buy?

by · The Cerbat Gem

Youdao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report) traded up 3.4% during trading on Friday . The stock traded as high as $9.51 and last traded at $9.5050. 46,669 shares changed hands during trading, a decline of 60% from the average session volume of 117,744 shares. The stock had previously closed at $9.19.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Youdao in a research note on Monday. Wall Street Zen downgraded Youdao from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Youdao has a consensus rating of “Sell”.

Check Out Our Latest Research Report on DAO

Youdao Trading Up 3.4%

The company has a market capitalization of $1.13 billion, a PE ratio of 55.91 and a beta of 0.24. The stock’s fifty day moving average is $9.83 and its two-hundred day moving average is $9.35.

Institutional Investors Weigh In On Youdao

Several large investors have recently modified their holdings of the stock. Walleye Capital LLC lifted its stake in Youdao by 226.1% in the first 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. Vident Advisory LLC increased its position in Youdao by 190.2% in the first quarter. Vident Advisory LLC now owns 57,192 shares of the company’s stock worth $436,000 after buying an additional 37,485 shares during the last quarter. Walleye Trading LLC bought a new stake in shares of Youdao in the first quarter valued at $115,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in Youdao by 35.9% during the third quarter. Public Employees Retirement System of Ohio now owns 29,286 shares of the company’s stock valued at $291,000 after purchasing an additional 7,729 shares during the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

About Youdao

(Get Free Report)

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.

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