Youdao, Inc. (NYSE:DAO - Get Free Report)'s stock price was down 6.9% during mid-day trading on Friday . The stock traded as low as $7.30 and last traded at $7.50. Approximately 33,424 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 122,880 shares. The stock had previously closed at $8.06.
Analysts Set New Price Targets
Separately, Citigroup lowered Youdao from a "buy" rating to a "neutral" rating in a research note on Thursday, December 19th.
Check Out Our Latest Stock Report on DAO
Youdao Price Performance
The firm has a market capitalization of $927.58 million, a price-to-earnings ratio of 76.71 and a beta of 0.36. The stock's 50 day moving average price is $8.61 and its two-hundred day moving average price is $6.70.
Youdao (NYSE:DAO - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $183.55 million for the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%.
Institutional Investors Weigh In On Youdao
Institutional investors have recently bought and sold shares of the stock. Symmetry Peak Management LLC purchased a new stake in Youdao in the 3rd quarter worth approximately $102,000. Blue Trust Inc. lifted its holdings in Youdao by 29.1% during the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock valued at $65,000 after purchasing an additional 1,969 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Youdao during the 4th quarter valued at about $554,000. Norges Bank purchased a new position in Youdao during the 4th quarter valued at about $715,000. Finally, Renaissance Technologies LLC lifted its position 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 buying an additional 1,800 shares during the last quarter. 21.91% of the stock is currently owned by hedge funds and other institutional investors.
About Youdao
(
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.
Further Reading
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