PropertyGuru Group (NYSE:PGRU) Hits New 52-Week High – Should You Buy?

Posted by Suzanne Cooper on Nov 25th, 2024

PropertyGuru Group Limited (NYSE:PGRU – Get Free Report) shares hit a new 52-week high during trading 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 Upgrades and Downgrades

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

Check Out Our Latest Report on PropertyGuru Group

PropertyGuru Group Price Performance

The company’s 50-day simple moving average is $6.63 and its 200-day simple moving average is $5.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.16 and a quick ratio of 3.16.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ANTIPODES PARTNERS Ltd increased its stake in PropertyGuru Group by 97.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 84,223 shares of the company’s stock valued at $408,000 after purchasing an additional 41,582 shares in the last quarter. Virtu Financial LLC bought a new stake in PropertyGuru Group in the 3rd quarter valued at about $460,000. Finally, Glazer Capital LLC acquired a new position in PropertyGuru Group during the 3rd quarter worth approximately $15,590,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

About PropertyGuru Group

(Get Free Report)

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.