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

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

Analyst Upgrades and Downgrades

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 stock’s 50-day moving average is $6.62 and its 200 day moving average is $5.89. 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 stock has a market capitalization of $1.09 billion, a PE ratio of -73.89 and a beta of 0.36.

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

Institutional Investors Weigh In On PropertyGuru Group

A hedge fund recently raised its stake in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd boosted its holdings in PropertyGuru Group Limited (NYSE:PGRU) by 97.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,223 shares of the company’s stock after purchasing an additional 41,582 shares during the quarter. ANTIPODES PARTNERS Ltd owned about 0.05% of PropertyGuru Group worth $408,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.