PropertyGuru Group (NYSE:PGRU) Hits New 12-Month 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 $6.66 and last traded at $6.66, with a volume of 2199 shares trading hands. The stock had previously closed at $6.66.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued 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 current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.09 billion, a PE ratio of -73.89 and a beta of 0.36. The stock’s fifty day simple moving average is $6.63 and its 200-day simple moving average is $6.12.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PGRU. Virtu Financial LLC purchased a new stake in PropertyGuru Group in the 3rd quarter valued at about $460,000. ANTIPODES PARTNERS Ltd increased its position in shares of PropertyGuru Group by 97.5% during the second 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 last quarter. Finally, Glazer Capital LLC bought a new stake in PropertyGuru Group during the third quarter worth $15,590,000. 61.38% of the stock is owned by institutional investors.

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.