PropertyGuru Group (NYSE:PGRU) Trading Down 5.5%

PropertyGuru Group Limited (NYSE:PGRU) shares traded down 5.5% during trading on Thursday . The company traded as low as $5.98 and last traded at $5.98. 2,498 shares were traded during mid-day trading, a decline of 91% from the average session volume of 26,809 shares. The stock had previously closed at $6.33.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and set a $7.00 price target on shares of PropertyGuru Group in a research report on Wednesday, May 22nd.

PropertyGuru Group Stock Down 1.9 %

The firm’s 50 day moving average is $5.16 and its 200-day moving average is $4.14. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of PropertyGuru Group

An institutional investor recently bought a new position in PropertyGuru Group stock. Leo Wealth LLC purchased a new position in PropertyGuru Group Limited (NYSE:PGRU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $34,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

About PropertyGuru Group

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.