GSA Capital Partners LLP Sells 71,727 Shares of Youdao, Inc. (NYSE:DAO)

GSA Capital Partners LLP trimmed its holdings in shares of Youdao, Inc. (NYSE:DAO) by 38.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,461 shares of the company’s stock after selling 71,727 shares during the quarter. GSA Capital Partners LLP’s holdings in Youdao were worth $479,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC lifted its position in shares of Youdao by 6.7% during the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after purchasing an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Youdao Trading Up 1.2 %

NYSE:DAO opened at $5.10 on Wednesday. Youdao, Inc. has a twelve month low of $2.86 and a twelve month high of $5.97. The company has a market cap of $616.69 million, a price-to-earnings ratio of 72.86 and a beta of -0.06. The stock has a fifty day simple moving average of $4.56 and a 200-day simple moving average of $3.93.

Youdao (NYSE:DAO) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($1.86) by $1.74. The firm had revenue of $181.88 million during the quarter. Youdao had a negative return on equity of 3.12% and a net margin of 1.03%.

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.