Youdao (NYSE:DAO) Shares Gap Up to $3.98

Youdao, Inc. (NYSE:DAO)’s share price gapped up before the market opened on Monday . The stock had previously closed at $3.98, but opened at $4.46. Youdao shares last traded at $4.28, with a volume of 102,821 shares trading hands.

Youdao Stock Up 6.3 %

The company has a market capitalization of $511.49 million, a PE ratio of -11.32 and a beta of -0.04. The firm’s 50-day moving average is $3.34 and its 200-day moving average is $3.63.

Youdao (NYSE:DAO) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.86) by $1.74. The business had revenue of $181.88 million during the quarter.

Institutional Investors Weigh In On Youdao

A hedge fund recently raised its stake in Youdao stock. Acadian Asset Management LLC boosted its position in shares of Youdao, Inc. (NYSE:DAO) by 98.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,445 shares of the company’s stock after purchasing an additional 118,245 shares during the period. Acadian Asset Management LLC owned approximately 0.20% of Youdao worth $928,000 at the end of the most recent quarter. Institutional investors and hedge funds own 21.91% of the company’s stock.

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.