Youdao (NYSE:DAO) Reaches New 1-Year High – Time to Buy?

Youdao, Inc. (NYSE:DAO) reached a new 52-week high during trading on Tuesday . The stock 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.

Analyst Upgrades and Downgrades

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

Youdao Price Performance

The stock’s 50-day simple moving average is $7.21 and its two-hundred day simple moving average is $5.27. The firm has a market capitalization of $1.35 billion, a P/E ratio of 159.14 and a beta of 0.03.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Symmetry Peak Management LLC purchased a new position in shares of Youdao in the third quarter valued at about $102,000. Blue Trust Inc. raised 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Youdao in the 4th quarter worth approximately $554,000. 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.