Youdao (NYSE:DAO) Trading Down 6.9% – Time to Sell?

Youdao, Inc. (NYSE:DAO)’s share price traded down 6.9% during mid-day trading on Friday . The stock traded as low as $7.30 and last traded at $7.50. 33,424 shares traded hands during trading, a decline of 73% from the average session volume of 122,880 shares. The stock had previously closed at $8.06.

Analyst Ratings Changes

Separately, Citigroup downgraded 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 firm has a market cap of $978.61 million, a PE ratio of 80.93 and a beta of 0.36. The business has a fifty day moving average price of $8.60 and a 200 day moving average price of $6.64.

Youdao (NYSE:DAO) last announced 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 company had revenue of $183.55 million for the quarter.

Institutional Investors Weigh In On Youdao

Several hedge funds and other institutional investors have recently bought and sold shares of DAO. Blue Trust Inc. boosted its stake in Youdao by 29.1% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Youdao in the 4th quarter valued at about $554,000. Symmetry Peak Management LLC purchased a new position in Youdao during the 3rd quarter worth approximately $102,000. Bank of America Corp DE increased its position in Youdao by 13,310.0% during the fourth quarter. Bank of America Corp DE now owns 32,050 shares of the company’s stock worth $237,000 after buying an additional 31,811 shares during the period. Finally, Jane Street Group LLC acquired a new position in Youdao during the fourth quarter worth approximately $119,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Youdao Company Profile

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.