PropertyGuru Group (NYSE:PGRU) Sees Strong Trading Volume

PropertyGuru Group Limited (NYSE:PGRU) saw unusually-strong trading volume on Monday . Approximately 117,590 shares were traded during mid-day trading, a decline of 64% from the previous session’s volume of 323,210 shares.The stock last traded at $6.59 and had previously closed at $6.60.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PGRU shares. Benchmark reaffirmed a “buy” rating and set a $7.00 price objective on shares of PropertyGuru Group in a research note on Wednesday, May 22nd. JMP Securities restated a “market perform” rating on shares of PropertyGuru Group in a research note 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 $1.08 billion, a price-to-earnings ratio of -132.00 and a beta of 0.36. The business’s 50 day moving average is $6.24 and its 200 day moving average is $4.91.

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

Institutional Investors Weigh In On PropertyGuru Group

An institutional investor recently raised its position in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd boosted its position in shares of PropertyGuru Group Limited (NYSE:PGRU) by 97.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,223 shares of the company’s stock after acquiring an additional 41,582 shares during the period. ANTIPODES PARTNERS Ltd owned about 0.05% of PropertyGuru Group worth $408,000 as of its most recent SEC filing. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.