PropertyGuru Group (NYSE:PGRU) Reaches New 52-Week High – What’s Next?

Shares of PropertyGuru Group Limited (NYSE:PGRU) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.66 and last traded at $6.66, with a volume of 500 shares traded. The stock had previously closed at $6.63.

Analysts Set New Price Targets

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

PropertyGuru Group Stock Performance

The business’s fifty day moving average is $6.61 and its two-hundred day moving average is $5.58. The stock has a market capitalization of $1.08 billion, a PE ratio of -132.60 and a beta of 0.36. 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 issued its quarterly earnings data 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 return on equity of 3.47% and a negative net margin of 13.27%.

Hedge Funds Weigh In On PropertyGuru Group

A hedge fund recently raised its stake in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd boosted its position in shares of PropertyGuru Group Limited (NYSE:PGRU) by 30.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,641 shares of the company’s stock after purchasing an additional 9,919 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in PropertyGuru Group were worth $162,000 as of its most recent SEC filing. Hedge funds and other 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.