Youdao (NYSE:DAO) Shares Up 5.5% – What’s Next?

Youdao, Inc. (NYSE:DAO)’s stock price shot up 5.5% during trading on Monday . The stock traded as high as $8.83 and last traded at $8.49. 67,215 shares were traded during mid-day trading, a decline of 10% from the average session volume of 75,035 shares. The stock had previously closed at $8.05.

Analysts Set New Price Targets

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

Youdao Stock Up 2.3 %

The stock has a market capitalization of $1.05 billion, a PE ratio of 123.93 and a beta of 0.03. The business’s 50-day moving average is $7.11 and its two-hundred day moving average is $5.18.

Institutional Investors Weigh In On Youdao

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position 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 during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Youdao by 6.7% in the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock valued at $205,000 after buying an additional 3,300 shares during the last quarter. Finally, Symmetry Peak Management LLC purchased a new stake in shares of Youdao in the third quarter valued at about $102,000. 21.91% of the stock is owned by hedge funds and other institutional investors.

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.