Youdao (NYSE:DAO) Shares Gap Down – What’s Next?

Youdao, Inc. (NYSE:DAO) gapped down before the market opened on Friday . The stock had previously closed at $7.75, but opened at $7.00. Youdao shares last traded at $7.24, with a volume of 58,822 shares changing hands.

Analyst Upgrades and Downgrades

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

Youdao Trading Down 8.8 %

The company’s fifty day moving average is $8.67 and its 200-day moving average is $6.80. The firm has a market capitalization of $854.90 million, a P/E ratio of 70.70 and a beta of 0.32.

Youdao (NYSE:DAO) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $183.55 million during the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. increased its position in Youdao by 29.1% during the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock worth $65,000 after acquiring an additional 1,969 shares during the period. Public Employees Retirement System of Ohio grew its position in Youdao by 754.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company’s stock worth $70,000 after purchasing an additional 8,318 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Youdao during the 4th quarter worth about $119,000. Vident Advisory LLC raised its position in shares of Youdao by 35.6% during the fourth quarter. Vident Advisory LLC now owns 19,707 shares of the company’s stock valued at $146,000 after buying an additional 5,170 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Youdao by 13,310.0% in the fourth quarter. Bank of America Corp DE now owns 32,050 shares of the company’s stock valued at $237,000 after buying an additional 31,811 shares during the period. 21.91% of the stock is currently owned by institutional investors and hedge funds.

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.