Youdao (NYSE:DAO) Stock Price Up 4.3% – Time to Buy?

Youdao, Inc. (NYSE:DAO)’s share price was up 4.3% during mid-day trading on Wednesday . The stock traded as high as $7.90 and last traded at $7.96. Approximately 76,081 shares traded hands during trading, a decline of 38% from the average daily volume of 122,559 shares. The stock had previously closed at $7.63.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Youdao from a “buy” rating to a “neutral” rating in a research note on Thursday, December 19th.

Youdao Trading Up 0.4 %

The stock has a market cap of $978.61 million, a P/E ratio of 80.93 and a beta of 0.36. The firm has a 50-day simple moving average of $8.58 and a two-hundred day simple moving average of $6.59.

Youdao (NYSE:DAO) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.10 EPS for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%. The business had revenue of $183.55 million for the quarter.

Institutional Investors Weigh In On Youdao

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in Youdao by 29.1% in the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after acquiring an additional 1,969 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Youdao by 754.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company’s stock worth $70,000 after purchasing an additional 8,318 shares in the last quarter. Symmetry Peak Management LLC bought a new position in shares of Youdao in the third quarter worth $102,000. Jane Street Group LLC acquired a new position in Youdao in the fourth quarter valued at about $119,000. Finally, Vident Advisory LLC lifted its position in Youdao by 35.6% during the fourth quarter. Vident Advisory LLC now owns 19,707 shares of the company’s stock worth $146,000 after purchasing an additional 5,170 shares during the period. 21.91% of the stock is currently owned by institutional investors.

About Youdao

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.