Yalla Group (NYSE:YALA) Shares Gap Down to $4.58

Yalla Group Limited (NYSE:YALA) gapped down before the market opened on Friday . The stock had previously closed at $4.58, but opened at $4.47. Yalla Group shares last traded at $4.48, with a volume of 44,120 shares trading hands.

Yalla Group Stock Performance

The firm has a fifty day moving average price of $4.71 and a two-hundred day moving average price of $5.05. The stock has a market capitalization of $721.36 million, a P/E ratio of 6.54 and a beta of 1.19.

Yalla Group (NYSE:YALA) last released its quarterly earnings results on Monday, May 20th. The company reported $0.17 earnings per share for the quarter. The firm had revenue of $78.73 million for the quarter. Yalla Group had a return on equity of 23.49% and a net margin of 39.64%.

Hedge Funds Weigh In On Yalla Group

A number of institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Yalla Group by 1,104.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,576 shares of the company’s stock worth $26,000 after purchasing an additional 5,113 shares during the period. Acadian Asset Management LLC raised its holdings in Yalla Group by 44.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,627,088 shares of the company’s stock worth $7,800,000 after purchasing an additional 497,724 shares during the period. Russell Investments Group Ltd. raised its holdings in Yalla Group by 9.0% in the 1st quarter. Russell Investments Group Ltd. now owns 52,028 shares of the company’s stock worth $251,000 after purchasing an additional 4,286 shares during the period. GSA Capital Partners LLP increased its stake in Yalla Group by 328.4% in the 1st quarter. GSA Capital Partners LLP now owns 150,847 shares of the company’s stock worth $726,000 after buying an additional 115,632 shares in the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new stake in Yalla Group in the 1st quarter worth $240,000. 4.73% of the stock is owned by institutional investors.

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.