Youdao (NYSE:DAO) Reaches New 12-Month High – Should You Buy?

Youdao, Inc. (NYSE:DAO)’s share price reached a new 52-week high on Tuesday . The company traded as high as $11.82 and last traded at $11.14, with a volume of 1066210 shares traded. The stock had previously closed at $7.83.

Wall Street Analyst Weigh In

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

Youdao Price Performance

The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 132.57 and a beta of 0.03. The company’s fifty day moving average price is $7.35 and its 200-day moving average price is $5.37.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DAO. Norges Bank acquired a new stake in shares of Youdao during the fourth quarter worth $715,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Youdao in the 4th quarter worth $554,000. Symmetry Peak Management LLC acquired a new stake in Youdao during the 3rd quarter worth about $102,000. Finally, Blue Trust Inc. grew 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 purchasing an additional 1,969 shares during the last quarter. 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.