Yalla Group (NYSE:YALA) Trading Down 6.1% – Time to Sell?

Yalla Group Limited Sponsored ADR (NYSE:YALA) fell 6.1% on Tuesday . The company traded as low as $6.90 and last traded at $6.8450. 58,499 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 199,096 shares. The stock had previously closed at $7.29.

Analyst Ratings Changes

YALA has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Yalla Group in a report on Wednesday, October 8th. Wall Street Zen cut shares of Yalla Group from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Yalla Group Stock Down 6.1%

The stock’s 50 day moving average is $7.08 and its 200-day moving average is $7.39. The company has a market cap of $1.08 billion, a PE ratio of 8.45 and a beta of 0.25.

Yalla Group (NYSE:YALA) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.23 earnings per share 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 Investors Weigh In On Yalla Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Yalla Group by 64.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 104,475 shares of the company’s stock worth $545,000 after purchasing an additional 41,003 shares during the period. GAMMA Investing LLC lifted its stake in Yalla Group by 10.0% in 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 during the last quarter. Retireful LLC purchased a new position in shares of Yalla Group during the second quarter valued at approximately $75,000. Ariose Capital Management Ltd bought a new position in shares of Yalla Group during the second quarter valued at approximately $3,808,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Yalla Group by 228.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 625,165 shares of the company’s stock worth $4,214,000 after buying an additional 434,559 shares during the period. Hedge funds and other institutional investors 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.