Yalla Group (NYSE:YALA) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Yalla Group’s trading volume surged 178% to 846,401 shares, while the stock changed little at $5.645 compared with its previous close of $5.66.
• Weiss Ratings upgraded Yalla from “hold (c)” to “hold (c+),” but the broader analyst consensus remains Hold.
• The company reported $0.21 in quarterly earnings per share on $82.61 million in revenue, with a 40.78% net margin; institutional investors own 4.73% of the stock.

Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report) saw strong trading volume on Wednesday. 846,401 shares changed hands during trading, an increase of 178% from the previous session's volume of 304,014 shares. The stock last traded at $5.6450 and had previously closed at $5.66.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Yalla Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Yalla Group Stock Performance

The stock has a market cap of $864.99 million, a PE ratio of 7.36 and a beta of 0.40. The stock has a fifty day moving average price of $5.47 and a 200 day moving average price of $5.79.

Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.21 earnings per share for the quarter. Yalla Group had a net margin of 40.78% and a return on equity of 16.82%. The company had revenue of $82.61 million for the quarter.

Hedge Funds Weigh In On Yalla Group

A number of hedge funds have recently added to or reduced their stakes in YALA. DGS Capital Management LLC boosted its holdings in Yalla Group by 9.0% in the first quarter. DGS Capital Management LLC now owns 56,783 shares of the company's stock valued at $354,000 after purchasing an additional 4,712 shares during the period. GAMMA Investing LLC boosted its stake in shares of Yalla Group by 21.8% in the third quarter. GAMMA Investing LLC now owns 23,005 shares of the company's stock valued at $124,000 after purchasing an additional 4,113 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Yalla Group by 14.4% in the first quarter. QRG Capital Management Inc. now owns 22,814 shares of the company's stock valued at $142,000 after purchasing an additional 2,863 shares during the period. Lazard Asset Management LLC acquired a new stake in Yalla Group during the 1st quarter valued at $83,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Yalla Group during the 2nd quarter valued at $58,000. 4.73% of the stock is currently owned by institutional investors.

About Yalla Group

Yalla Group Limited is a technology company that operates social networking, voice-chat and digital entertainment platforms primarily serving users in the Middle East and North Africa. The company's services are designed to support online communication, community interaction and casual gaming through mobile applications.

Its flagship platform, Yalla, is a voice-centered social networking application that enables users to participate in group discussions, chat rooms and other online communities.

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