PropertyGuru Group (NYSE:PGRU) Reaches New 1-Year High – Still a Buy?

PropertyGuru Group Limited (NYSE:PGRU)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $6.65 and last traded at $6.65, with a volume of 900 shares changing hands. The stock had previously closed at $6.64.

Analysts Set New Price Targets

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

PropertyGuru Group Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.16 and a current ratio of 3.16. The company has a market capitalization of $1.09 billion, a P/E ratio of -73.88 and a beta of 0.36. The firm’s fifty day moving average is $6.62 and its 200 day moving average is $5.85.

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

Hedge Funds Weigh In On PropertyGuru Group

An institutional investor recently bought a new position in PropertyGuru Group stock. Glazer Capital LLC purchased a new position in PropertyGuru Group Limited (NYSE:PGRU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,358,558 shares of the company’s stock, valued at approximately $15,590,000. PropertyGuru Group accounts for approximately 0.9% of Glazer Capital LLC’s investment portfolio, making the stock its 20th largest holding. Glazer Capital LLC owned about 1.43% of PropertyGuru Group at the end of the most recent quarter. 61.38% of the stock is 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.