Youdao (NYSE:DAO) Stock Price Up 5.5% – What’s Next?

Youdao, Inc. (NYSE:DAO)’s share price shot up 5.5% during trading on Monday . The stock traded as high as $8.83 and last traded at $8.49. 67,215 shares were traded during trading, a decline of 10% from the average session volume of 75,035 shares. The stock had previously closed at $8.05.

Analysts Set New Price Targets

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

Youdao Stock Up 4.0 %

The stock has a fifty day moving average of $7.01 and a two-hundred day moving average of $5.11. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 119.57 and a beta of 0.03.

Institutional Investors Weigh In On Youdao

Several institutional investors have recently modified their holdings of DAO. Blue Trust Inc. raised 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 last quarter. Symmetry Peak Management LLC purchased a new stake in shares of Youdao in the third quarter valued at $102,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Youdao by 6.7% during the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after buying an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

About Youdao

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.