Youdao (NYSE:DAO) Sets New 12-Month High – Should You Buy?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $17.60 and last traded at $17.4240, with a volume of 34824 shares trading hands. The stock had previously closed at $16.72.

Analysts Set New Price Targets

Several brokerages recently weighed in on DAO. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Youdao Stock Up 3.2%

The company has a market cap of $2.08 billion, a PE ratio of 191.72 and a beta of 0.59. The business’s 50 day moving average price is $13.14 and its 200-day moving average price is $11.50.

Youdao (NYSE:DAO) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Youdao had a net margin of 1.19% and a negative return on equity of 4.51%. The business had revenue of $195.52 million during the quarter, compared to analyst estimates of $201.43 million.

Institutional Trading of Youdao

A hedge fund recently raised its position in Youdao stock. Public Employees Retirement System of Ohio lifted its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to its most recent 13F filing with the 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 reporting period. 21.91% of the stock is currently owned by institutional investors.

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.