PropertyGuru Group (NYSE:PGRU) Shares Gap Up to $4.85

Shares of PropertyGuru Group Limited (NYSE:PGRU) gapped up before the market opened on Monday . The stock had previously closed at $4.85, but opened at $5.00. PropertyGuru Group shares last traded at $5.10, with a volume of 36,736 shares changing hands.

Analysts Set New Price Targets

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

PropertyGuru Group Stock Performance

The business’s 50 day moving average is $4.50 and its 200-day moving average is $3.84. 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 (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 during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd lifted its holdings in shares of PropertyGuru Group Limited (NYSE:PGRU) by 30.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,641 shares of the company’s stock after purchasing an additional 9,919 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in PropertyGuru Group were worth $162,000 as of its most recent SEC filing. 61.38% of the stock is owned by institutional investors and hedge funds.

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.