Youdao (NYSE:DAO – Get Rating) will announce its earnings results before the market opens on Thursday, August 18th. Investors interested in participating in the company's conference call can do so using this link.
Youdao (NYSE:DAO – Get Rating) last issued its quarterly earnings data on Tuesday, May 24th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.15. The company had revenue of $189.38 million for the quarter, compared to analyst estimates of $169.50 million. During the same quarter last year, the business earned ($0.42) earnings per share.
Get Youdao alerts:Youdao Stock Up 8.9 %
Shares of DAO stock opened at $5.02 on Thursday. The firm has a 50 day moving average price of $4.93 and a two-hundred day moving average price of $7.40. The company has a market capitalization of $632.36 million, a PE ratio of -5.18 and a beta of -0.55. Youdao has a 12-month low of $4.05 and a 12-month high of $17.77.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in DAO. Envestnet Asset Management Inc. acquired a new position in Youdao during the first quarter valued at approximately $108,000. BlackRock Inc. raised its position in Youdao by 11.2% during the first quarter. BlackRock Inc. now owns 707,704 shares of the company's stock valued at $5,023,000 after purchasing an additional 71,475 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Youdao during the first quarter valued at approximately $124,000. State Street Corp raised its position in Youdao by 3.1% during the first quarter. State Street Corp now owns 219,217 shares of the company's stock valued at $1,556,000 after purchasing an additional 6,552 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Youdao during the first quarter valued at approximately $87,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.Analyst Ratings Changes
Separately, Jefferies Financial Group dropped their price target on shares of Youdao from $13.00 to $5.20 in a research report on Friday, July 29th.
Youdao Company Profile
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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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