Yalla Group (NYSE:YALA) Reaches New 1-Year High – Should You Buy?

Yalla Group Limited (NYSE:YALA) shares reached a new 52-week high on Wednesday . The stock traded as high as $5.41 and last traded at $5.36, with a volume of 47111 shares changing hands. The stock had previously closed at $5.38.

Yalla Group Price Performance

The stock has a market cap of $858.51 million, a price-to-earnings ratio of 7.43 and a beta of 1.19. The firm’s fifty day moving average price is $4.26 and its two-hundred day moving average price is $4.25.

Yalla Group (NYSE:YALA) last released its quarterly earnings data on Monday, March 10th. The company reported $0.18 EPS for the quarter. The firm had revenue of $90.83 million during the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. During the same quarter in the prior year, the firm earned $0.17 EPS.

Institutional Investors Weigh In On Yalla Group

A number of institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in Yalla Group by 14.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock worth $95,000 after acquiring an additional 2,996 shares during the period. Blue Trust Inc. boosted its holdings in shares of Yalla Group by 29.7% in the 4th quarter. Blue Trust Inc. now owns 40,929 shares of the company’s stock worth $166,000 after buying an additional 9,366 shares during the last quarter. State Street Corp grew its position in Yalla Group by 1.5% during the third quarter. State Street Corp now owns 538,689 shares of the company’s stock valued at $2,446,000 after buying an additional 7,924 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in 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 worth $682,000 after buying an additional 36,166 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Yalla Group by 150.3% during the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock worth $94,000 after buying an additional 13,960 shares during the last quarter. 4.73% of the stock is owned by institutional investors.

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.