Youdao, Inc. (NYSE:DAO - Get Free Report)'s stock price rose 5.6% on Tuesday . The company traded as high as $7.36 and last traded at $7.31. Approximately 34,831 shares were traded during trading, a decline of 71% from the average daily volume of 118,774 shares. The stock had previously closed at $6.92.
Analysts Set New Price Targets
Separately, Citigroup downgraded shares of Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
View Our Latest Analysis on DAO
Youdao Stock Up 6.9 %
The stock has a market capitalization of $894.81 million, a P/E ratio of 105.71 and a beta of 0.04. The company has a fifty day moving average price of $6.10 and a 200-day moving average price of $4.57.
Institutional Trading of Youdao
Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in Youdao by 6.7% in the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company's stock worth $205,000 after purchasing an additional 3,300 shares during the last quarter. Symmetry Peak Management LLC purchased a new position in shares of Youdao in the 3rd quarter worth $102,000. Finally, Acadian Asset Management LLC grew its stake in shares of Youdao by 98.4% in the 2nd quarter. Acadian Asset Management LLC now owns 238,445 shares of the company's stock worth $928,000 after buying an additional 118,245 shares in the last quarter. 21.91% of the stock is owned by hedge funds and other institutional investors.
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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