Youdao, Inc. (NYSE:DAO – Get Rating)’s share price hit a new 52-week low during mid-day trading on Monday after Jefferies Financial Group lowered their price target on the stock from $13.00 to $5.20. The stock traded as low as $4.05 and last traded at $4.05, with a volume of 2797 shares changing hands. The stock had previously closed at $4.25.
Separately, Citigroup reduced their price target on Youdao from $15.50 to $7.80 and set a “maintains” rating for the company in a report on Friday, July 29th.
Institutional Investors Weigh In On Youdao
Institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System lifted its holdings in Youdao by 2.0% in the 4th quarter. California Public Employees Retirement System now owns 70,298 shares of the company’s stock worth $877,000 after purchasing an additional 1,353 shares during the last quarter. State Street Corp lifted its holdings in Youdao by 3.1% in the 1st quarter. State Street Corp now owns 219,217 shares of the company’s stock worth $1,556,000 after purchasing an additional 6,552 shares during the last quarter. SPRINGS CAPITAL HONG KONG Ltd acquired a new stake in Youdao in the 4th quarter worth approximately $87,000. Legacy Wealth Asset Management LLC acquired a new stake in Youdao in the 2nd quarter worth approximately $54,000. Finally, Fox Run Management L.L.C. acquired a new stake in Youdao in the 1st quarter worth approximately $80,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.
Youdao Trading Up 6.4 %
The company has a fifty day moving average of $4.95 and a two-hundred day moving average of $7.70. The stock has a market capitalization of $542.93 million, a price-to-earnings ratio of -4.44 and a beta of -0.55.
Youdao (NYSE:DAO – Get Rating) last posted its earnings results on Tuesday, May 24th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.15. The company had revenue of $189.38 million during the quarter, compared to analyst estimates of $169.50 million. During the same quarter last year, the firm posted ($0.42) earnings per share.
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.