Yalla Group (NYSE:YALA) Stock Price Down 1.7% – Should You Sell?

Yalla Group Limited Sponsored ADR (NYSE:YALA)’s stock price dropped 1.7% during mid-day trading on Tuesday . The company traded as low as $6.95 and last traded at $6.9730. Approximately 279,608 shares changed hands during trading, a decline of 6% from the average daily volume of 297,471 shares. The stock had previously closed at $7.09.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on YALA. Weiss Ratings restated a “hold (c+)” rating on shares of Yalla Group in a report on Wednesday, October 8th. Wall Street Zen cut Yalla Group from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Yalla Group Trading Down 1.7%

The company has a market cap of $1.10 billion, a P/E ratio of 8.61 and a beta of 0.23. The company’s 50-day moving average price is $7.12 and its two-hundred day moving average price is $7.36.

Yalla Group (NYSE:YALA) last released its earnings results on Monday, November 10th. The company reported $0.23 EPS for the quarter. The company had revenue of $89.64 million for the quarter. Yalla Group had a return on equity of 20.06% and a net margin of 42.29%.

Institutional Trading of Yalla Group

Several hedge funds have recently made changes to their positions in the stock. Jump Financial LLC grew its position in Yalla Group by 31.4% in the 1st quarter. Jump Financial LLC now owns 62,000 shares of the company’s stock valued at $324,000 after buying an additional 14,800 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of Yalla Group by 190.7% in the first quarter. Vident Advisory LLC now owns 455,808 shares of the company’s stock valued at $2,379,000 after acquiring an additional 298,985 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Yalla Group by 64.6% in the first quarter. Goldman Sachs Group Inc. now owns 104,475 shares of the company’s stock valued at $545,000 after acquiring an additional 41,003 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Yalla Group by 1.4% during the first quarter. Acadian Asset Management LLC now owns 2,791,208 shares of the company’s stock valued at $14,535,000 after acquiring an additional 37,580 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Yalla Group by 10.0% during the second quarter. GAMMA Investing LLC now owns 17,927 shares of the company’s stock worth $121,000 after purchasing an additional 1,635 shares in the last quarter. Institutional investors own 4.73% of the company’s stock.

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.