PropertyGuru Group (NYSE:PGRU) Sets New 12-Month High – Here’s What Happened

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

Analyst Ratings Changes

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

PropertyGuru Group Stock Performance

The company’s fifty day simple moving average is $6.63 and its two-hundred day simple moving average is $5.94. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of PropertyGuru Group

Several hedge funds and other institutional investors have recently bought and sold shares of PGRU. ANTIPODES PARTNERS Ltd increased its holdings in shares of PropertyGuru Group by 97.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 84,223 shares of the company’s stock worth $408,000 after purchasing an additional 41,582 shares during the period. Virtu Financial LLC bought a new position in shares of PropertyGuru Group in the third quarter worth $460,000. Finally, Glazer Capital LLC acquired a new position in PropertyGuru Group in the third quarter valued at about $15,590,000. 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.