Yalla Group (NYSE:YALA) Shares Up 4.8% – Should You Buy?

Yalla Group Limited Sponsored ADR (NYSE:YALA) shares were up 4.8% during trading on Tuesday . The stock traded as high as $5.58 and last traded at $5.5970. 109,930 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 296,992 shares. The stock had previously closed at $5.34.

Yalla Group Stock Performance

The business’s 50 day moving average is $5.38 and its two-hundred day moving average is $6.19. The firm has a market capitalization of $854.44 million, a PE ratio of 7.10 and a beta of 0.47.

Yalla Group (NYSE:YALA) last posted its earnings results on Tuesday, August 18th. The company reported $0.21 earnings per share (EPS) for the quarter. Yalla Group had a return on equity of 18.03% and a net margin of 42.03%.The firm had revenue of $82.61 million for the quarter.

Institutional Trading of Yalla Group

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in Yalla Group in the 2nd quarter worth about $58,000. EverSource Wealth Advisors LLC increased its position in shares of Yalla Group by 67.5% during the first quarter. EverSource Wealth Advisors LLC now owns 10,202 shares of the company’s stock valued at $64,000 after buying an additional 4,112 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Yalla Group during the first quarter valued at about $83,000. DGS Capital Management LLC lifted its holdings in shares of Yalla Group by 9.0% in the first quarter. DGS Capital Management LLC now owns 56,783 shares of the company’s stock worth $354,000 after buying an additional 4,712 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings 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 worth $142,000 after buying an additional 2,863 shares in the last quarter. Hedge funds and other institutional investors own 4.73% of the company’s stock.

Yalla Group Company Profile

Yalla Group (NYSE:YALA) operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold’em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.

Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.