Yalla Group (NYSE:YALA) Shares Gap Up - Should You Buy?

Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $4.66, but opened at $4.80. Yalla Group shares last traded at $5.03, with a volume of 485,411 shares changing hands.

Yalla Group Price Performance

The business has a fifty day moving average of $4.64 and a 200 day moving average of $4.36. The stock has a market capitalization of $929.54 million, a price-to-earnings ratio of 8.03 and a beta of 0.96.

Yalla Group (NYSE:YALA - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share (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 business posted $0.17 earnings per share.

Hedge Funds Weigh In On Yalla Group

Several institutional investors have recently bought and sold shares of YALA. Walleye Capital LLC acquired a new stake in shares of Yalla Group in the third quarter valued at $68,000. State Street Corp grew its position in shares of Yalla Group by 1.5% during the third 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Yalla Group during the third quarter worth approximately $53,000. DGS Capital Management LLC increased its position in shares of Yalla Group by 109.0% in the 3rd quarter. DGS Capital Management LLC now owns 76,785 shares of the company's stock valued at $349,000 after purchasing an additional 40,050 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after buying an additional 13,960 shares in the last quarter. 4.73% of the stock is 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.