Youdao (NYSE:DAO) Reaches New 1-Year High – Time to Buy?

Youdao, Inc. (NYSE:DAO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.82 and last traded at $11.14, with a volume of 1066210 shares trading hands. The stock had previously closed at $7.83.

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 Stock Up 42.3 %

The company has a market capitalization of $1.35 billion, a P/E ratio of 159.14 and a beta of 0.03. The business has a 50 day moving average of $7.21 and a 200 day moving average of $5.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DAO. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Youdao during the fourth quarter valued at $554,000. Symmetry Peak Management LLC bought a new position in shares of Youdao in the 3rd quarter valued at about $102,000. Finally, Blue Trust Inc. lifted its holdings in shares of 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 during the last quarter. 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.