Connor Clark & Lunn Investment Management Ltd. bought a new stake in Youdao, Inc. (NYSE:DAO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 74,888 shares of the company's stock, valued at approximately $554,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Youdao as of its most recent filing with the Securities and Exchange Commission.
Separately, Symmetry Peak Management LLC acquired a new stake in shares of Youdao in the third quarter valued at approximately $102,000. Institutional investors own 21.91% of the company's stock.
Wall Street Analyst Weigh In
Separately, Citigroup cut shares of Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
Check Out Our Latest Stock Analysis on DAO
Youdao Trading Up 1.8 %
Shares of NYSE DAO traded up $0.14 during mid-day trading on Wednesday, hitting $7.77. The company had a trading volume of 130,786 shares, compared to its average volume of 122,761. The firm has a 50-day simple moving average of $8.52 and a two-hundred day simple moving average of $6.57. The company has a market capitalization of $939.55 million, a PE ratio of 77.70 and a beta of 0.36. Youdao, Inc. has a one year low of $2.86 and a one year high of $11.82.
Youdao (NYSE:DAO - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%. The firm had revenue of $183.55 million during the quarter.
Youdao Company Profile
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Free Report)
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.
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