Youdao, Inc. (NYSE:DAO - Get Free Report)'s share price was up 5.5% during trading on Monday . The stock traded as high as $8.83 and last traded at $8.49. Approximately 67,215 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 75,035 shares. The stock had previously closed at $8.05.
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.
Get Our Latest Stock Analysis on DAO
Youdao Trading Down 8.2 %
The firm has a market capitalization of $967.96 million, a PE ratio of 114.36 and a beta of 0.03. The stock's 50 day moving average price is $7.15 and its two-hundred day moving average price is $5.20.
Hedge Funds Weigh In On Youdao
A number of institutional investors have recently made changes to their positions in DAO. Blue Trust Inc. boosted its stake in shares of Youdao by 29.1% during 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 last quarter. Symmetry Peak Management LLC purchased a new position in Youdao in the 3rd quarter valued at about $102,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Youdao by 6.7% during the 2nd 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. 21.91% of the stock is 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.
Further Reading
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