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Yalla Group (NYSE:YALA) Trading Down 0.7% - What's Next?

Yalla Group logo with Computer and Technology background

Key Points

  • Yalla Group's stock price declined by 0.7%, trading between $7.74 and $7.82, with a notable increase in trading volume of 14% compared to its average.
  • The company reported $0.22 earnings per share for the last quarter, with a net margin of 40.94% and revenue of $83.88 million.
  • Several hedge funds increased their stakes in Yalla Group, with notable increases from GAMMA Investing LLC and Blue Trust Inc. during the second quarter.
  • Five stocks to consider instead of Yalla Group.
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Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report)'s share price traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $7.74 and last traded at $7.82. 448,842 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 392,241 shares. The stock had previously closed at $7.88.

Yalla Group Stock Performance

The business's 50-day moving average is $7.07 and its 200-day moving average is $5.90. The company has a market capitalization of $1.24 billion, a PE ratio of 10.16 and a beta of 0.79.

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

Hedge Funds Weigh In On Yalla Group

Several large investors have recently modified their holdings of YALA. GAMMA Investing LLC boosted its stake in Yalla Group by 10.0% during the 2nd quarter. GAMMA Investing LLC now owns 17,927 shares of the company's stock valued at $121,000 after purchasing an additional 1,635 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Yalla Group by 9.6% during the second quarter. QRG Capital Management Inc. now owns 26,316 shares of the company's stock valued at $177,000 after purchasing an additional 2,299 shares in the last quarter. R Squared Ltd lifted its holdings in shares of Yalla Group by 21.9% during the first quarter. R Squared Ltd now owns 38,060 shares of the company's stock valued at $199,000 after purchasing an additional 6,830 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Yalla Group by 23.5% during the first quarter. Blue Trust Inc. now owns 50,550 shares of the company's stock valued at $264,000 after buying an additional 9,621 shares during the last quarter. Finally, Retireful LLC bought a new stake in Yalla Group in the 2nd quarter worth about $75,000. Hedge funds and other institutional investors own 4.73% of the company's stock.

Yalla Group Company Profile

(Get Free Report)

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.

See Also

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