Youdao, Inc. (NYSE:DAO - Get Free Report)'s stock price shot up 5.4% during trading on Wednesday . The stock traded as high as $7.99 and last traded at $8.10. 2,133 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 123,749 shares. The stock had previously closed at $7.68.
Wall Street Analyst Weigh In
Separately, Citigroup downgraded Youdao from a "buy" rating to a "neutral" rating in a research report on Thursday, December 19th.
View Our Latest Stock Analysis on DAO
Youdao Stock Performance
The company has a fifty day moving average of $8.67 and a two-hundred day moving average of $6.83. The company has a market cap of $823.59 million, a price-to-earnings ratio of 68.11 and a beta of 0.32.
Youdao (NYSE:DAO - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%. The company had revenue of $183.55 million during the quarter.
Institutional Trading of Youdao
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock worth $65,000 after purchasing an additional 1,969 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Youdao in the 4th quarter valued at $554,000. Norges Bank purchased a new stake in shares of Youdao during the 4th quarter valued at $715,000. Renaissance Technologies LLC raised its stake in shares of Youdao by 3.3% during the 4th quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock worth $423,000 after purchasing an additional 1,800 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Youdao in the 4th quarter worth about $401,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.
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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