Youdao (NYSE:DAO) Shares Up 7.9% – What’s Next?

Youdao, Inc. (NYSE:DAO) traded up 7.9% during trading on Monday . The company traded as high as $7.59 and last traded at $7.64. 15,577 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 69,661 shares. The stock had previously closed at $7.08.

Wall Street Analysts Forecast Growth

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

Youdao Trading Up 0.2 %

The company has a market cap of $920.44 million, a price-to-earnings ratio of 108.74 and a beta of 0.01. The business has a 50-day moving average price of $6.84 and a 200 day moving average price of $5.02.

Institutional Trading of Youdao

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock worth $65,000 after buying an additional 1,969 shares during the period. Symmetry Peak Management LLC purchased a new stake in Youdao in the 3rd quarter worth about $102,000. Finally, Renaissance Technologies LLC boosted its position in Youdao by 6.7% during the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after acquiring an additional 3,300 shares during the period. Institutional investors and hedge funds own 21.91% of the company’s stock.

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.