Youdao (NYSE:DAO) Stock Price Up 4.2% – Still a Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s stock price was up 4.2% during trading on Thursday . The company traded as high as $15.21 and last traded at $15.22. 9,769 shares traded hands during trading, a decline of 88% from the average session volume of 84,667 shares. The stock had previously closed at $14.60.

Analysts Set New Price Targets

Several brokerages have recently commented on DAO. Wall Street Zen raised Youdao from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Finally, Citigroup raised their target price on shares of Youdao from $14.90 to $22.00 and gave the stock a “buy” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.00.

Youdao Trading Up 2.9%

The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 75.55 and a beta of 0.52. The stock has a 50-day simple moving average of $15.72 and a 200 day simple moving average of $12.66.

Youdao (NYSE:DAO) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Youdao had a net margin of 2.71% and a negative return on equity of 8.46%. The business had revenue of $215.91 million during the quarter, compared to analyst estimates of $229.02 million.

Hedge Funds Weigh In On Youdao

A hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio raised its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,286 shares of the company’s stock after buying an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

About Youdao

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.