PropertyGuru Group (NYSE:PGRU) Hits New 1-Year High – Still a Buy?

Shares of PropertyGuru Group Limited (NYSE:PGRU) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $6.65 and last traded at $6.64, with a volume of 5466 shares changing hands. The stock had previously closed at $6.65.

Analyst Ratings Changes

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

PropertyGuru Group Price Performance

The company has a market capitalization of $1.09 billion, a PE ratio of -73.77 and a beta of 0.36. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $6.63 and a 200-day simple moving average of $6.06.

PropertyGuru Group (NYSE:PGRU) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.07) earnings per share (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 added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd increased its holdings in shares of PropertyGuru Group by 97.5% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 84,223 shares of the company’s stock valued at $408,000 after acquiring an additional 41,582 shares during the period. Glazer Capital LLC purchased a new position in PropertyGuru Group during the 3rd quarter worth $15,590,000. Finally, Virtu Financial LLC acquired a new position in PropertyGuru Group in the third quarter valued at $460,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

PropertyGuru Group Company Profile

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.