PropertyGuru Group Limited (NYSE:PGRU – Get Free Report)’s share price was down 2.6% during trading on Thursday . The stock traded as low as $3.77 and last traded at $3.77. Approximately 3,244 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 26,297 shares. The stock had previously closed at $3.87.
Analysts Set New Price Targets
Separately, Benchmark reaffirmed a “buy” rating and set a $7.00 price target on shares of PropertyGuru Group in a research report on Monday, March 4th.
Check Out Our Latest Report on PropertyGuru Group
PropertyGuru Group Trading Down 1.8 %
PropertyGuru Group (NYSE:PGRU – Get Free Report) last announced its quarterly earnings data on Friday, March 1st. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $30.76 million for the quarter. PropertyGuru Group had a negative return on equity of 1.76% and a negative net margin of 10.21%. During the same period in the prior year, the business posted ($0.02) earnings per share. On average, equities research analysts anticipate that PropertyGuru Group Limited will post -0.02 earnings per share for the current fiscal year.
Institutional Investors Weigh In On PropertyGuru Group
A number of large investors have recently made changes to their positions in PGRU. Leo Wealth LLC bought a new stake in shares of PropertyGuru Group during the fourth quarter valued at approximately $34,000. Norges Bank purchased a new position in PropertyGuru Group during the fourth quarter valued at $969,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in PropertyGuru Group during the third quarter valued at $73,000. Jane Street Group LLC purchased a new position in PropertyGuru Group during the first quarter valued at $465,000. Finally, Royal Bank of Canada purchased a new position in PropertyGuru Group during the first quarter valued at $42,000. 61.38% of the stock is currently 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, and sales process and workflow automation software for developers.
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