Youdao, Inc. (NYSE:DAO) Given Consensus Recommendation of "Hold" by Brokerages - MarketBeat

Shares of Youdao, Inc. (NYSE:DAO) have received an average recommendation of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.68.

A number of analysts have commented on the company. Morgan Stanley lowered Youdao from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $29.00 to $11.40 in a report on Monday, August 30th. Zacks Investment Research downgraded Youdao from a "buy" rating to a "sell" rating in a research note on Monday, November 1st. Finally, Daiwa Capital Markets upgraded Youdao from an "underperform" rating to a "neutral" rating and set a $13.50 target price on the stock in a research report on Friday, September 3rd.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. boosted its stake in shares of Youdao by 22.3% during the 3rd quarter. Citigroup Inc. now owns 4,468 shares of the company's stock worth $54,000 after acquiring an additional 814 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Youdao by 67.1% during the 3rd quarter. Royal Bank of Canada now owns 3,342 shares of the company's stock worth $40,000 after acquiring an additional 1,342 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Youdao by 8.8% during the 2nd quarter. Millennium Management LLC now owns 54,984 shares of the company's stock worth $1,270,000 after acquiring an additional 4,460 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Youdao during the 3rd quarter worth $55,000. Finally, Deutsche Bank AG boosted its stake in shares of Youdao by 6.3% during the 2nd quarter. Deutsche Bank AG now owns 109,896 shares of the company's stock worth $2,537,000 after acquiring an additional 6,524 shares during the last quarter. 19.60% of the stock is owned by institutional investors.

NYSE DAO opened at $11.28 on Thursday. Youdao has a twelve month low of $7.02 and a twelve month high of $42.17. The firm's fifty day moving average price is $13.31.

Youdao (NYSE:DAO) last posted its quarterly earnings data on Tuesday, November 16th. The company reported ($1.05) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($2.61) by $1.56. During the same period in the prior year, the business earned ($1.14) earnings per share. Research analysts forecast that Youdao will post -1.65 earnings per share for the current year.

About Youdao

Youdao, Inc, an internet technology company, provides online services in content, community, communication, and commerce in China. The company provides various learning content, applications, and solutions, which covers topics and targets people from various age groups for their learning needs through its websites and mobile applications; Youdao Dictionary with range of products and services addressing lifelong learning needs of pre-school, K-12 and college students as well as adult learners; and other online dictionary and translation tools comprising Youdao Translation, U-Dictionary, and Youdao Kids' Dictionary.

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Youdao, Inc. (NYSE:DAO) Given Consensus Recommendation of "Hold" by Brokerages - MarketBeat