PropertyGuru Group (NYSE:PGRU) Sees Strong Trading Volume

PropertyGuru Group Limited (NYSE:PGRU) saw an uptick in trading volume on Thursday . 9,338,354 shares were traded during mid-day trading, an increase of 4,275% from the previous session’s volume of 213,463 shares.The stock last traded at $6.54 and had previously closed at $6.56.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PGRU shares. JMP Securities reissued a “market perform” rating on shares of PropertyGuru Group in a research note on Tuesday. Benchmark reissued a “buy” rating and issued a $7.00 target price on shares of PropertyGuru Group in a research report on Wednesday, May 22nd.

PropertyGuru Group Price Performance

The company has a market capitalization of $1.07 billion, a PE ratio of -131.20 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.48 and a quick ratio of 3.48. The stock’s 50 day simple moving average is $5.73 and its 200-day simple moving average is $4.51.

PropertyGuru Group (NYSE:PGRU) last issued its quarterly earnings results on Tuesday, May 21st. The company reported ($0.03) EPS for the quarter. PropertyGuru Group had a negative net margin of 7.37% and a negative return on equity of 1.12%. The business had revenue of $27.24 million during the quarter.

Hedge Funds Weigh In On PropertyGuru Group

An institutional investor recently raised its position in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd lifted its stake in PropertyGuru Group Limited (NYSE:PGRU) by 30.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,641 shares of the company’s stock after buying an additional 9,919 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in PropertyGuru Group were worth $162,000 at the end of the most recent quarter. 61.38% of the stock is currently owned by institutional investors.

PropertyGuru Group Company Profile

PropertyGuru Group Limited operates digital property classifieds marketplaces that connects homeowners and tenants with verified home service providers in Singapore, Vietnam, Malaysia, Thailand, and Indonesia. The company offers digital and marketing services for developers. It also offers data and sales process automation products.