Yalla Group (NYSE:YALA) Reaches New 12-Month High - Here's Why

Key Points

• Yalla Group Limited shares reached a new 52-week high of $8.95 during trading, reflecting an increase of 10.7% from its previous close of $7.98.
• The company reported $0.22 earnings per share with a net margin of 40.94% and revenue of $83.88 million for the recent quarter.
• Institutional investors have shown significant interest, with various firms making substantial increases in their stakes in Yalla Group, highlighting growing confidence in the company.

Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.84 and last traded at $8.95, with a volume of 386445 shares traded. The stock had previously closed at $7.98.

Yalla Group Trading Up 10.7%

The firm has a fifty day simple moving average of $7.09 and a two-hundred day simple moving average of $6.02. The firm has a market cap of $1.40 billion, a PE ratio of 11.45 and a beta of 0.80.

Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share for the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%. The business had revenue of $83.88 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in Yalla Group during the fourth quarter valued at $1,838,000. GAMMA Investing LLC raised its stake in Yalla Group by 265.8% during the first quarter. GAMMA Investing LLC now owns 85,044 shares of the company's stock valued at $444,000 after buying an additional 61,796 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Yalla Group by 13.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 190,606 shares of the company's stock valued at $995,000 after buying an additional 22,541 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Yalla Group by 113.7% during the fourth quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company's stock valued at $423,000 after buying an additional 56,046 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Yalla Group by 123.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock valued at $106,000 after buying an additional 14,483 shares during the last quarter. Hedge funds and other institutional investors own 4.73% of the company's stock.

Yalla Group Company Profile

Yalla Group Limited operates a social networking and gaming platform primarily in the Middle East and North Africa region. It provides mobile applications, including Yalla, a voice-centric group chat platform; and Yalla Ludo, a casual gaming application. The company's platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services.

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