Yalla Group Limited Sponsored ADR (NYSE:YALA – Get Free Report)’s stock price traded up 0.9% during trading on Wednesday . The company traded as high as $5.45 and last traded at $5.4310. Approximately 324,580 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 263,090 shares. The stock had previously closed at $5.38.
Yalla Group Price Performance
The business has a fifty day simple moving average of $5.76 and a two-hundred day simple moving average of $6.45. The company has a market cap of $830.73 million, a PE ratio of 6.87 and a beta of 0.44.
Institutional Investors Weigh In On Yalla Group
Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in Yalla Group by 19.0% during the fourth quarter. Blue Trust Inc. now owns 12,251 shares of the company’s stock valued at $85,000 after acquiring an additional 1,959 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Yalla Group by 4.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,905 shares of the company’s stock worth $330,000 after purchasing an additional 2,004 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Yalla Group by 73.7% during the second quarter. EverSource Wealth Advisors LLC now owns 6,481 shares of the company’s stock worth $44,000 after purchasing an additional 2,749 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Yalla Group by 14.4% during the first quarter. QRG Capital Management Inc. now owns 22,814 shares of the company’s stock worth $142,000 after purchasing an additional 2,863 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Yalla Group by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 32,200 shares of the company’s stock valued at $223,000 after purchasing an additional 3,105 shares during the last quarter. 4.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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