PropertyGuru Group (NYSE:PGRU) Shares Gap Up to $5.41

PropertyGuru Group Limited (NYSE:PGRU) gapped up prior to trading on Wednesday . The stock had previously closed at $5.41, but opened at $5.75. PropertyGuru Group shares last traded at $5.75, with a volume of 268 shares changing hands.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $7.00 target price on shares of PropertyGuru Group in a report on Wednesday, May 22nd.

PropertyGuru Group Stock Performance

The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.01. The stock has a market cap of $944.90 million, a price-to-earnings ratio of -115.00 and a beta of 0.36. The stock’s fifty day moving average is $5.56 and its 200-day moving average is $4.39.

PropertyGuru Group (NYSE:PGRU) last released its quarterly earnings data on Tuesday, May 21st. The company reported ($0.03) EPS for the quarter. The firm had revenue of $27.24 million during the quarter. PropertyGuru Group had a negative net margin of 7.37% and a negative return on equity of 1.12%.

Institutional Trading of PropertyGuru Group

An institutional investor recently raised its position in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd increased its position in shares of PropertyGuru Group Limited (NYSE:PGRU) by 30.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,641 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.