Youdao (NYSE:DAO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Youdao (NYSE:DAO) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings upgraded Youdao from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. One equities research 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, the company currently has a consensus rating of “Hold” and an average price target of $22.00.

Youdao Stock Down 8.7%

DAO opened at $16.75 on Friday. The company has a market cap of $2.02 billion, a PE ratio of 83.75 and a beta of 0.59. Youdao has a twelve month low of $8.30 and a twelve month high of $18.94. The company has a 50-day moving average price of $14.75 and a 200 day moving average price of $12.13.

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

Institutional Investors Weigh In On Youdao

An institutional investor recently bought a new position in Youdao stock. Public Employees Retirement System of Ohio acquired a new stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,104 shares of the company’s stock, valued at approximately $346,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.

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.