PropertyGuru Group (NYSE:PGRU) Sees Large Volume Increase

Shares of PropertyGuru Group Limited (NYSE:PGRU) saw strong trading volume on Thursday . 9,338,354 shares traded hands during 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.

Analysts Set New Price Targets

Several equities research analysts recently commented on PGRU shares. JMP Securities reissued a “market perform” rating on shares of PropertyGuru Group in a report on Tuesday. Benchmark restated a “buy” rating and issued a $7.00 price objective on shares of PropertyGuru Group in a report on Wednesday, May 22nd.

PropertyGuru Group Price Performance

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

PropertyGuru Group (NYSE:PGRU) last posted 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 company had revenue of $27.24 million for the quarter.

Institutional Investors Weigh In On PropertyGuru Group

An institutional investor recently bought a new position in PropertyGuru Group stock. Leo Wealth LLC purchased a new stake in shares of PropertyGuru Group Limited (NYSE:PGRU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company’s stock, valued at approximately $34,000. Institutional investors own 61.38% of the company’s stock.

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.