Zacks Investment Research Lowers Youdao (NYSE:DAO) to Hold

Zacks Investment Research cut shares of Youdao (NYSE:DAOGet Rating) from a buy rating to a hold rating in a report released on Friday morning, Zacks.com reports.

According to Zacks, “Youdao Inc. is an intelligent learning company primarily in China. It engages in developing and using technologies to provide learning content, applications and solutions. The company also develops learning apps and smart learning devices as well as online courses. Youdao Inc. is based in HANGZHOU, China. “

Other research analysts have also recently issued research reports about the company. Morgan Stanley upgraded Youdao from an equal weight rating to an overweight rating and raised their price target for the stock from $13.00 to $15.00 in a research report on Monday, March 7th. Citigroup upgraded Youdao from a neutral rating to a buy rating and raised their price target for the stock from $15.00 to $15.50 in a research report on Friday, February 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $15.67.

Shares of NYSE DAO traded down $0.60 during mid-day trading on Friday, reaching $5.98. The company had a trading volume of 76,011 shares, compared to its average volume of 114,020. Youdao has a one year low of $5.46 and a one year high of $27.78. The firm has a market cap of $741.40 million, a price-to-earnings ratio of -4.75 and a beta of -0.61. The business’s 50-day simple moving average is $7.75 and its 200 day simple moving average is $11.21.

Youdao (NYSE:DAOGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.23) EPS for the quarter. The company had revenue of $164.58 million during the quarter, compared to the consensus estimate of $175.22 million. Equities research analysts predict that Youdao will post -0.53 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. acquired a new stake in Youdao in the first quarter valued at about $108,000. Coronation Fund Managers Ltd. boosted its stake in shares of Youdao by 5.2% during the first quarter. Coronation Fund Managers Ltd. now owns 2,784,645 shares of the company’s stock valued at $19,771,000 after purchasing an additional 136,631 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Youdao by 953.7% during the fourth quarter. BlackRock Inc. now owns 636,229 shares of the company’s stock valued at $7,940,000 after purchasing an additional 575,849 shares in the last quarter. SPRINGS CAPITAL HONG KONG Ltd acquired a new stake in shares of Youdao during the fourth quarter valued at about $87,000. Finally, Legal & General Group Plc acquired a new stake in shares of Youdao during the fourth quarter valued at about $61,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

About Youdao (Get Rating)

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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