Youdao (NYSE:DAO) Hits New 12-Month High – What’s Next?

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shares hit a new 52-week high on Tuesday . The company traded as high as $13.20 and last traded at $13.1350, with a volume of 20932 shares trading hands. The stock had previously closed at $12.65.

Analysts Set New Price Targets

Several analysts recently commented on DAO shares. Weiss Ratings lowered Youdao from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 29th. Wall Street Zen downgraded Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Youdao has an average rating of “Hold”.

Youdao Stock Performance

The stock has a market cap of $1.61 billion, a P/E ratio of 148.56 and a beta of 0.56. The business’s 50-day moving average price is $11.81 and its 200-day moving average price is $10.80.

Youdao (NYSE:DAO) last announced its earnings results on Thursday, May 21st. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $195.52 million for the quarter, compared to analysts’ expectations of $201.43 million. Youdao had a negative return on equity of 4.51% and a net margin of 1.19%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio lifted its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,286 shares of the company’s stock after acquiring an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent reporting period. 21.91% of the stock is currently owned by hedge funds and other institutional investors.

Youdao Company Profile

Youdao, Inc (NYSE: DAO), established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations.

At the core of Youdao’s offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.