Yalla Group (NYSE:YALA) Shares Down 0.7% - Here's Why

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.

Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report)'s stock price traded down 0.7% during trading on Tuesday . The company traded as low as $7.74 and last traded at $7.82. 448,842 shares were traded 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 stock's 50 day moving average price is $7.07 and its 200 day moving average price is $5.96. The company has a market capitalization of $1.19 billion, a P/E ratio of 9.78 and a beta of 0.80.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of YALA. Virtu Financial LLC acquired a new position in shares of Yalla Group during the 1st quarter valued at $61,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Yalla Group during the 4th quarter valued at $74,000. Retireful LLC acquired a new position in shares of Yalla Group during the 2nd quarter valued at $75,000. Cubist Systematic Strategies LLC acquired a new position in shares of Yalla Group during the 4th quarter valued at $99,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Yalla Group by 123.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock valued at $106,000 after acquiring an additional 14,483 shares during the period. Institutional investors and hedge funds 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.