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

PropertyGuru Group Limited (NYSE:PGRU)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $6.65 and last traded at $6.65, with a volume of 900 shares trading hands. The stock had previously closed at $6.64.

Wall Street Analysts Forecast Growth

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 stock has a market cap of $1.09 billion, a price-to-earnings ratio of -73.88 and a beta of 0.36. The stock’s 50 day moving average price is $6.62 and its two-hundred day moving average price is $5.85. 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) EPS for the quarter. The firm had revenue of $30.05 million for the quarter. PropertyGuru Group had a negative net margin of 13.27% and a negative return on equity of 3.47%.

Institutional Trading of PropertyGuru Group

An institutional investor recently bought a new position in PropertyGuru Group stock. Glazer Capital LLC purchased a new stake in shares of PropertyGuru Group Limited (NYSE:PGRU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,358,558 shares of the company’s stock, valued at approximately $15,590,000. PropertyGuru Group accounts for 0.9% of Glazer Capital LLC’s holdings, making the stock its 20th biggest position. Glazer Capital LLC owned approximately 1.43% of PropertyGuru Group at the end of the most recent reporting period. Hedge funds and other institutional investors 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.