Youdao (NYSE:DAO) Shares Up 7% - What's Next?

Youdao, Inc. (NYSE:DAO - Get Free Report) shares rose 7% during mid-day trading on Friday . The company traded as high as $9.00 and last traded at $8.81. Approximately 38,215 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 121,100 shares. The stock had previously closed at $8.23.

Analyst Upgrades and Downgrades

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

Youdao Stock Down 4.2 %

The stock has a fifty day moving average of $8.39 and a 200-day moving average of $6.40. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 84.40 and a beta of 0.36.

Youdao (NYSE:DAO - Get Free Report) last posted 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 during 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

Large investors have recently modified their holdings of 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 during the period. Symmetry Peak Management LLC acquired a new stake in shares of Youdao during the third quarter worth $102,000. Bank of America Corp DE lifted its holdings in shares of Youdao by 13,310.0% during the fourth quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock worth $237,000 after purchasing an additional 31,811 shares during the period. Jane Street Group LLC acquired a new stake in shares of Youdao during the fourth quarter worth $119,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Youdao by 754.1% during the fourth 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 during the period. 21.91% of the stock is owned by institutional investors and hedge funds.

Remove Ads

About Youdao

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.