Yalla Group (NYSE:YALA) Releases Quarterly Earnings Results

Yalla Group (NYSE:YALA) issued its quarterly earnings results on Tuesday. The company reported $0.21 EPS for the quarter, FiscalAI reports. Yalla Group had a net margin of 40.78% and a return on equity of 17.04%. The company had revenue of $82.61 million during the quarter.

Yalla Group Price Performance

Shares of YALA stock opened at $5.53 on Thursday. The stock has a market cap of $845.26 million, a PE ratio of 7.18 and a beta of 0.47. The stock has a 50-day moving average of $5.39 and a 200-day moving average of $6.17. Yalla Group has a one year low of $5.01 and a one year high of $8.10.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Yalla Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $330,000 after purchasing an additional 2,004 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Yalla Group by 73.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,481 shares of the company’s stock valued at $44,000 after buying an additional 2,749 shares during the period. Geode Capital Management LLC grew its holdings in shares of Yalla Group by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 32,200 shares of the company’s stock valued at $223,000 after buying an additional 3,105 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Yalla Group by 23.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 32,221 shares of the company’s stock valued at $242,000 after buying an additional 6,048 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Yalla Group in the 4th quarter valued at $73,000. 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.