Yalla Group (NYSE:YALA – Get Rating) will announce its earnings results after the market closes on Monday, November 14th. Investors interested in listening to the company’s conference call can do so using this link.
Yalla Group Price Performance
Shares of YALA opened at $4.06 on Friday. The firm has a market capitalization of $599.56 million, a PE ratio of 8.64 and a beta of 1.19. Yalla Group has a 1-year low of $3.00 and a 1-year high of $10.40. The company’s fifty day moving average price is $3.47 and its 200-day moving average price is $3.82.
Institutional Investors Weigh In On Yalla Group
A number of large investors have recently made changes to their positions in YALA. Envestnet Asset Management Inc. lifted its position in Yalla Group by 18.9% during the first quarter. Envestnet Asset Management Inc. now owns 18,302 shares of the company’s stock valued at $82,000 after purchasing an additional 2,903 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Yalla Group during the second quarter valued at $83,000. XTX Topco Ltd acquired a new position in Yalla Group during the first quarter valued at $119,000. Goldman Sachs Group Inc. lifted its position in Yalla Group by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 29,700 shares of the company’s stock valued at $133,000 after purchasing an additional 4,195 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Yalla Group during the second quarter valued at $253,000. 3.08% of the stock is owned by hedge funds and other institutional investors.
Yalla Group Company Profile
Yalla Group Limited operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region. Its platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services. The company was formerly known as FYXTech Corporation.
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