PropertyGuru Group (NYSE:PGRU) Hits New 1-Year High – Here’s Why

PropertyGuru Group Limited (NYSE:PGRU) reached a new 52-week high during trading on Monday . The stock traded as high as $6.65 and last traded at $6.64, with a volume of 5466 shares traded. The stock had previously closed at $6.65.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market perform” rating on shares of PropertyGuru Group in a research note on Tuesday, August 20th.

PropertyGuru Group Price Performance

The stock’s fifty day moving average is $6.63 and its 200-day moving average is $6.03. The stock has a market capitalization of $1.09 billion, a PE ratio of -73.78 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.16 and a quick ratio of 3.16.

PropertyGuru Group (NYSE:PGRU) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.07) EPS for the quarter. The business had revenue of $30.05 million during the quarter. PropertyGuru Group had a negative net margin of 13.27% and a negative return on equity of 3.47%.

Institutional Investors Weigh In On PropertyGuru Group

Hedge funds have recently modified their holdings of the business. ANTIPODES PARTNERS Ltd increased its position in PropertyGuru Group by 97.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 84,223 shares of the company’s stock worth $408,000 after purchasing an additional 41,582 shares during the last quarter. Virtu Financial LLC acquired a new stake in PropertyGuru Group during the third quarter worth about $460,000. Finally, Glazer Capital LLC acquired a new stake in PropertyGuru Group during the third quarter worth about $15,590,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.