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

Shares of PropertyGuru Group Limited (NYSE:PGRU) hit a new 52-week high during mid-day 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 Stock Up 0.2 %

The stock has a market capitalization of $1.09 billion, a P/E ratio of -73.78 and a beta of 0.36. The company’s 50-day moving average price is $6.63 and its 200 day moving average price is $6.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.16 and a current ratio of 3.16.

PropertyGuru Group (NYSE:PGRU) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter. The company 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%.

Hedge Funds Weigh In On PropertyGuru Group

Institutional investors and hedge funds have recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd boosted its stake in shares of PropertyGuru Group by 97.5% during the 2nd 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 period. Virtu Financial LLC purchased a new stake in PropertyGuru Group in the 3rd quarter valued at about $460,000. Finally, Glazer Capital LLC purchased a new stake in PropertyGuru Group in the 3rd quarter valued at about $15,590,000. 61.38% of the stock is owned by hedge funds and other 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.