Youdao, Inc. (NYSE:DAO - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 142,509 shares traded hands during trading, a decline of 10% from the previous session's volume of 157,966 shares.The stock last traded at $10.80 and had previously closed at $10.27.
Wall Street Analysts Forecast Growth
Separately, Citigroup downgraded shares of Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
Get Our Latest Research Report on Youdao
Youdao Stock Performance
The stock has a market capitalization of $1.24 billion, a PE ratio of 146.43 and a beta of 0.03. The stock's 50 day moving average is $7.84 and its two-hundred day moving average is $5.72.
Youdao (NYSE:DAO - Get Free Report) last released its 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 3.12% and a net margin of 1.03%. The business had revenue of $183.55 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAO. Symmetry Peak Management LLC acquired a new stake in shares of Youdao in the third quarter valued at about $102,000. Blue Trust Inc. raised its holdings in Youdao by 29.1% in the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock valued at $65,000 after acquiring an additional 1,969 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Youdao in the 4th quarter worth approximately $554,000. Norges Bank acquired a new position in shares of Youdao during the 4th quarter worth approximately $715,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Youdao by 3.3% during the 4th quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock worth $423,000 after purchasing an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 21.91% of the company's stock.
Youdao Company Profile
(
Get 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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