Wall Street Zen Upgrades Youdao (NYSE:DAO) to Buy

Youdao (NYSE:DAO - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.A number of other equities analysts also recently issued reports on DAO. Citigroup raised Youdao from a "hold" rating to a "buy" rating in a research report on Thursday, February 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of Youdao in a research report on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".Check Out Our Latest Research Report on DAOYoudao Stock Down 0.2%Shares of Youdao stock opened at $10.64 on Friday. The stock's fifty day moving average is $9.97 and its two-hundred day moving average is $10.19. The company has a market capitalization of $1.27 billion, a PE ratio of 81.88 and a beta of 0.48. Youdao has a 52 week low of $7.42 and a 52 week high of $12.95. Youdao (NYSE:DAO - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $223.64 million for the quarter, compared to the consensus estimate of $211.46 million. Youdao had a negative return on equity of 6.41% and a net margin of 1.81%.Hedge Funds Weigh In On YoudaoA hedge fund recently raised its stake in Youdao stock. Public Employees Retirement System of Ohio lifted its position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO - Free Report) by 35.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,286 shares of the company's stock after buying an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Youdao were worth $291,000 at the end of the most recent quarter. 21.91% of the stock is currently owned by hedge funds and other institutional investors. Youdao Company Profile (Get Free Report)Youdao, Inc NYSE: DAO, established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations. At the core of Youdao's offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.See AlsoFive stocks we like better than YoudaoThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Youdao Right Now?Before you consider Youdao, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Youdao wasn't on the list.While Youdao currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here