Youdao, Inc. (NYSE:DAO - Get Free Report)'s share price shot up 5.9% during mid-day trading on Monday . The stock traded as high as $8.33 and last traded at $8.29. 26,660 shares traded hands during trading, a decline of 72% from the average session volume of 93,916 shares. The stock had previously closed at $7.83.
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.
Read Our Latest Research Report on DAO
Youdao Stock Up 5.1 %
The firm has a market cap of $1.18 billion, a PE ratio of 139.81 and a beta of 0.03. The company's fifty day moving average price is $7.41 and its two-hundred day moving average price is $5.39.
Institutional Trading of Youdao
Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Youdao by 29.1% in the fourth 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. Symmetry Peak Management LLC purchased a new stake in Youdao during the third quarter worth about $102,000. Walleye Capital LLC purchased a new stake in Youdao during the fourth quarter worth about $401,000. Renaissance Technologies LLC boosted its holdings in Youdao by 3.3% during the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock worth $423,000 after buying an additional 1,800 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Youdao during the fourth quarter worth about $479,000. Hedge funds and other institutional investors own 21.91% of the company's stock.
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.
See Also
Before you consider Youdao, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Youdao wasn't on the list.
While Youdao currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
