Yalla Group (NYSE:YALA) Announces Quarterly Earnings Results

Yalla Group (NYSE:YALA) released its quarterly earnings results 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 traded down $0.15 during mid-day trading on Monday, reaching $5.33. 762,519 shares of the company were exchanged, compared to its average volume of 298,464. The business has a 50 day simple moving average of $5.38 and a two-hundred day simple moving average of $6.20. The stock has a market capitalization of $815.28 million, a PE ratio of 6.75 and a beta of 0.47. Yalla Group has a 52 week low of $5.01 and a 52 week high of $8.10.

Institutional Trading of Yalla Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its holdings in Yalla Group by 245.1% during the 4th quarter. XTX Topco Ltd now owns 137,585 shares of the company’s stock worth $955,000 after purchasing an additional 97,712 shares during the last quarter. FIL Ltd acquired a new position in shares of Yalla Group in the 4th quarter worth approximately $14,053,000. Jump Financial LLC bought a new stake in shares of Yalla Group in the 4th quarter valued at $94,000. Verition Fund Management LLC bought a new stake in shares of Yalla Group in the 4th quarter valued at $73,000. Finally, Barclays PLC increased its position in shares of Yalla Group by 46.9% during the fourth quarter. Barclays PLC now owns 1,200,915 shares of the company’s stock worth $8,334,000 after buying an additional 383,511 shares during the period. Institutional investors and hedge funds own 4.73% of the company’s stock.

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.