Yalla Group (NYSE:YALA) Stock Price Down 1% - Here's What Happened

Key Points

• Yalla Group shares fell 1% to approximately $5.37 in mid-day trading, with volume slightly above the average session level.
• Weiss Ratings downgraded the stock from “hold (c+)” to “hold (c),” while the broader analyst consensus remains “Hold.”
• The company reported quarterly earnings of $0.21 per share on $82.61 million in revenue, alongside a 40.78% net margin; institutional investors own 4.73% of its shares.

Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report)'s share price fell 1% during trading on Wednesday. The company traded as low as $5.36 and last traded at $5.3650. 278,365 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 272,528 shares. The stock had previously closed at $5.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Yalla Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

Yalla Group Trading Down 1.0%

The firm has a market cap of $820.63 million, a price-to-earnings ratio of 6.97 and a beta of 0.51. The stock has a 50-day moving average of $5.46 and a 200-day moving average of $5.84.

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

Institutional Trading of Yalla Group

Several hedge funds have recently bought and sold shares of YALA. DGS Capital Management LLC boosted its stake in Yalla Group by 9.0% during the 1st 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. Ariadne Wealth Management LP increased its stake in shares of Yalla Group by 12.6% in the fourth quarter. Ariadne Wealth Management LP now owns 29,764 shares of the company's stock valued at $211,000 after purchasing an additional 3,332 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Yalla Group by 14.4% during the first quarter. QRG Capital Management Inc. now owns 22,814 shares of the company's stock valued at $142,000 after buying an additional 2,863 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Yalla Group during the first quarter valued at approximately $83,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Yalla Group during the second quarter worth approximately $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 and entertainment platforms serving users primarily in the Middle East and North Africa. The company is headquartered in the United Arab Emirates and focuses on digital products designed to support online communication, social interaction and casual gaming.

Its flagship application, Yalla, is a voice-centered social networking platform that provides virtual chat rooms and community features. The company also operates Yalla Ludo, a mobile gaming application based on traditional board games, including ludo and dominoes, with social and multiplayer functionality.

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