Yalla Group (NYSE:YALA – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.18 EPS for the quarter, Zacks reports. Yalla Group had a return on equity of 18.03% and a net margin of 42.03%.
Yalla Group Stock Performance
Shares of YALA stock traded down $0.15 during trading hours on Monday, reaching $5.33. The company had a trading volume of 763,105 shares, compared to its average volume of 298,464. The firm has a market cap of $815.28 million, a PE ratio of 6.75 and a beta of 0.47. The business has a fifty day moving average price of $5.38 and a 200-day moving average price of $6.20. Yalla Group has a one year low of $5.01 and a one year high of $8.10.
Hedge Funds Weigh In On Yalla Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Yalla Group by 73.7% during the second quarter. EverSource Wealth Advisors LLC now owns 6,481 shares of the company’s stock valued at $44,000 after acquiring an additional 2,749 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Yalla Group during the 4th quarter valued at about $73,000. Cresset Asset Management LLC purchased a new stake in shares of Yalla Group during the 3rd quarter valued at about $82,000. Jump Financial LLC purchased a new stake in shares of Yalla Group during the 4th quarter valued at about $94,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Yalla Group in the 3rd quarter worth approximately $100,000. 4.73% of the stock is currently owned by hedge funds and other institutional investors.
About Yalla Group
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.
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