Free Trial

Yalla Group (NYSE:YALA) Shares Gap Up - Time to Buy?

Yalla Group logo with Computer and Technology background

Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $5.63, but opened at $5.78. Yalla Group shares last traded at $5.70, with a volume of 148,037 shares changing hands.

Yalla Group Trading Up 2.4 %

The company has a market cap of $847.41 million, a P/E ratio of 7.32 and a beta of 1.19. The company has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.29.

Yalla Group (NYSE:YALA - Get Free Report) last issued its earnings results on Monday, March 10th. The company reported $0.18 EPS for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. 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 Trading of Yalla Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its position in Yalla Group by 57.9% during the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company's stock worth $2,376,000 after acquiring an additional 214,625 shares during the last quarter. State Street Corp boosted its position in Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock worth $2,446,000 after buying an additional 7,924 shares during the period. BNP Paribas Financial Markets bought a new stake in Yalla Group during the 4th quarter worth approximately $1,838,000. Marshall Wace LLP acquired a new position in Yalla Group in the 4th quarter valued at approximately $900,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Yalla Group by 27.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company's stock valued at $682,000 after acquiring an additional 36,166 shares during the last quarter. Institutional investors own 4.73% of the company's stock.

Yalla Group Company Profile

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Yalla Group Right Now?

Before you consider Yalla Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yalla Group wasn't on the list.

While Yalla Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Make Your Money Work Harder: The Power of Dividend Investing
7 Cybersecurity Stocks Outperforming the Market Right Now
Markets in Rally Mode: Will Earnings Keep It Going?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines