Youdao, Inc. (NYSE:DAO – Get Rating)’s stock price shot up 5.1% during trading on Thursday . The stock traded as high as $4.73 and last traded at $4.73. 699 shares traded hands during trading, a decline of 100% from the average session volume of 200,505 shares. The stock had previously closed at $4.50.
Several brokerages recently commented on DAO. Citigroup raised shares of Youdao from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $15.00 to $15.50 in a research note on Friday, February 25th. Morgan Stanley raised shares of Youdao from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $15.00 in a research note on Monday, March 7th. Finally, Zacks Investment Research cut shares of Youdao from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Youdao presently has an average rating of “Hold” and an average price target of $15.67.
The stock’s fifty day moving average price is $7.26 and its two-hundred day moving average price is $10.93.
Large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Youdao by 67.1% during the 3rd quarter. Royal Bank of Canada now owns 3,342 shares of the company’s stock valued at $40,000 after purchasing an additional 1,342 shares during the period. Citigroup Inc. grew its position in shares of Youdao by 22.3% in the 3rd quarter. Citigroup Inc. now owns 4,468 shares of the company’s stock worth $54,000 after buying an additional 814 shares during the period. Legal & General Group Plc purchased a new stake in Youdao during the 4th quarter valued at about $61,000. Fox Run Management L.L.C. purchased a new stake in Youdao during the 1st quarter valued at about $80,000. Finally, SPRINGS CAPITAL HONG KONG Ltd purchased a new stake in Youdao during the 4th quarter valued at about $87,000. Institutional investors own 85.27% of the company’s stock.
About Youdao (NYSE:DAO)
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.
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