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

PropertyGuru Group Limited (NYSE:PGRU) 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. The stock had previously closed at $6.63.

Wall Street Analysts Forecast Growth

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

PropertyGuru Group Price Performance

The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -73.88 and a beta of 0.36. The company has a 50 day moving average of $6.63 and a 200 day moving average of $5.98. 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 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 Investors Weigh In On PropertyGuru Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in PropertyGuru Group during the third quarter worth about $460,000. Glazer Capital LLC purchased a new stake in shares of PropertyGuru Group in the third quarter worth about $15,590,000. Finally, ANTIPODES PARTNERS Ltd boosted its position in shares of PropertyGuru Group by 97.5% in the second 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 period. 61.38% of the stock is currently 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.