Youdao, Inc. (NYSE:DAO) Stock Position Increased by Acadian Asset Management LLC

Acadian Asset Management LLC grew its stake in shares of Youdao, Inc. (NYSE:DAO) by 98.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,445 shares of the company’s stock after buying an additional 118,245 shares during the quarter. Acadian Asset Management LLC owned about 0.20% of Youdao worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

Youdao Trading Down 1.3 %

DAO stock opened at $3.01 on Tuesday. Youdao, Inc. has a 52 week low of $2.86 and a 52 week high of $4.75. The company has a market capitalization of $363.97 million, a price-to-earnings ratio of -7.92 and a beta of -0.04. The firm’s 50-day moving average is $3.41 and its two-hundred day moving average is $3.69.

Youdao (NYSE:DAO) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($1.86) by $1.74. The company had revenue of $181.88 million for the quarter.

Youdao 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.