Shares of Youdao, Inc. (NYSE:DAO - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $9.06, but opened at $9.50. Youdao shares last traded at $8.95, with a volume of 49,591 shares changing hands.
Wall Street Analyst Weigh In
Separately, Citigroup downgraded shares of Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
Check Out Our Latest Research Report on DAO
Youdao Trading Up 4.3 %
The company has a market cap of $1.05 billion, a P/E ratio of 86.49 and a beta of 0.36. The company has a 50 day moving average price of $8.20 and a 200-day moving average price of $6.13.
Youdao (NYSE:DAO - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.10 earnings per share 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%.
Hedge Funds Weigh In On Youdao
A number of institutional investors have recently added to or reduced their stakes in DAO. Renaissance Technologies LLC boosted its position in Youdao by 3.3% in the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock valued at $423,000 after buying an additional 1,800 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Youdao by 29.1% during 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 in the last quarter. Vident Advisory LLC grew its position in Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock worth $146,000 after acquiring an additional 5,170 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Youdao by 754.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock worth $70,000 after purchasing an additional 8,318 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Youdao in the 4th quarter worth about $119,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.
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.
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