Youdao (NYSE:DAO) Trading Down 7.5% – Here’s What Happened

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s share price was down 7.5% during mid-day trading on Monday . The stock traded as low as $16.41 and last traded at $16.5960. 5,923 shares were traded during mid-day trading, a decline of 93% from the average session volume of 83,617 shares. The stock had previously closed at $17.95.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of Youdao from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. Wall Street Zen downgraded Youdao from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Youdao Price Performance

The business’s 50-day moving average price is $14.31 and its 200-day moving average price is $11.94. The firm has a market capitalization of $2.07 billion, a PE ratio of 190.62 and a beta of 0.59.

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

Institutional Investors Weigh In On Youdao

An institutional investor recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio raised its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,286 shares of the company’s stock after acquiring 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. Institutional investors own 21.91% of the company’s stock.

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.