Yalla Group (NYSE:YALA) Stock Price Up 4.4% – Should You Buy?

Yalla Group Limited (NYSE:YALA)’s stock price was up 4.4% during trading on Thursday . The company traded as high as $5.47 and last traded at $5.40. Approximately 271,595 shares were traded during trading, an increase of 3% from the average daily volume of 264,162 shares. The stock had previously closed at $5.17.

Yalla Group Price Performance

The company has a market cap of $845.83 million, a PE ratio of 7.31 and a beta of 0.96. The firm has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $4.35.

Yalla Group (NYSE:YALA) last announced its earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The firm had revenue of $90.83 million during the quarter. During the same period in the previous year, the firm posted $0.17 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Yalla Group by 265.8% in the first quarter. GAMMA Investing LLC now owns 85,044 shares of the company’s stock valued at $444,000 after purchasing an additional 61,796 shares during the period. Public Employees Retirement System of Ohio increased its position in Yalla Group by 123.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company’s stock worth $106,000 after purchasing an additional 14,483 shares during the last quarter. Vident Advisory LLC raised its stake in Yalla Group by 180.3% during the fourth quarter. Vident Advisory LLC now owns 156,823 shares of the company’s stock worth $637,000 after purchasing an additional 100,872 shares during the period. Millennium Management LLC boosted its holdings in shares of Yalla Group by 57.9% in the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company’s stock valued at $2,376,000 after purchasing an additional 214,625 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Yalla Group during the 4th quarter valued at $99,000. 4.73% of the stock is currently owned by institutional investors and hedge funds.

About Yalla Group

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.