Youdao (NYSE:DAO) Trading Up 5.9% – Should You Buy?

Shares of Youdao, Inc. (NYSE:DAO) were up 5.9% on Monday . The company traded as high as $8.33 and last traded at $8.29. Approximately 26,660 shares were traded during trading, a decline of 72% from the average daily volume of 93,916 shares. The stock had previously closed at $7.83.

Wall Street Analyst Weigh In

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

Youdao Stock Performance

The stock has a market cap of $1.09 billion, a PE ratio of 128.79 and a beta of 0.03. The firm has a 50-day moving average price of $7.35 and a 200-day moving average price of $5.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DAO. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Youdao during the fourth quarter valued at $554,000. Symmetry Peak Management LLC purchased a new position in Youdao in the 3rd quarter worth about $102,000. Finally, Blue Trust Inc. lifted its stake in Youdao by 29.1% during 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 period. 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.