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

PropertyGuru Group Limited (NYSE:PGRU) hit a new 52-week high on Monday . The stock traded as high as $6.65 and last traded at $6.64, with a volume of 10639 shares traded. The stock had previously closed at $6.63.

Analysts Set New Price Targets

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

PropertyGuru Group Price Performance

The stock has a market cap of $1.09 billion, a PE ratio of -73.88 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.16 and a quick ratio of 3.16. The business has a fifty day moving average of $6.63 and a 200 day moving average of $5.98.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PGRU. ANTIPODES PARTNERS Ltd lifted its holdings in 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 buying an additional 41,582 shares during the last quarter. Virtu Financial LLC bought a new position in PropertyGuru Group during the 3rd quarter worth approximately $460,000. Finally, Glazer Capital LLC bought a new position in PropertyGuru Group during the 3rd quarter worth approximately $15,590,000. Institutional investors own 61.38% of the company’s stock.

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.