Youdao (NYSE:DAO) Stock Price Up 4.3% - Here's What Happened

Youdao, Inc. (NYSE:DAO - Get Free Report)'s stock price shot up 4.3% during mid-day trading on Wednesday . The company traded as high as $7.90 and last traded at $7.96. 76,081 shares traded hands during trading, a decline of 38% from the average session volume of 122,559 shares. The stock had previously closed at $7.63.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Youdao from a "buy" rating to a "neutral" rating in a research report on Thursday, December 19th.

Youdao Stock Performance

The business's fifty day moving average price is $8.60 and its 200-day moving average price is $6.64. The stock has a market cap of $978.61 million, a PE ratio of 80.93 and a beta of 0.36.

Youdao (NYSE:DAO - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.10 EPS for the quarter. The business had revenue of $183.55 million during the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its position 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 purchasing an additional 1,969 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Youdao by 754.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock valued at $70,000 after buying an additional 8,318 shares during the period. Symmetry Peak Management LLC purchased a new stake in Youdao during the third quarter valued at approximately $102,000. Jane Street Group LLC bought a new position in Youdao in the fourth quarter worth approximately $119,000. Finally, Vident Advisory LLC boosted its stake in shares of 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. Institutional investors own 21.91% of the company's stock.

Youdao Company Profile

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.