PropertyGuru Group (NYSE:PGRU) Trading 3.5% Higher

PropertyGuru Group Limited (NYSE:PGRU - Get Free Report)'s share price rose 3.5% during trading on Thursday . The company traded as high as $3.89 and last traded at $3.89. Approximately 1,190 shares were traded during trading, a decline of 95% from the average daily volume of 24,364 shares. The stock had previously closed at $3.76.

Analyst Ratings Changes

Separately, Benchmark reiterated a "buy" rating and set a $7.00 price target on shares of PropertyGuru Group in a report on Monday, March 4th.

PropertyGuru Group Stock Up 0.3 %

The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.01. The stock's 50-day simple moving average is $3.51 and its 200-day simple moving average is $3.56. The firm has a market capitalization of $614.17 million, a P/E ratio of -56.99 and a beta of 0.29.

PropertyGuru Group (NYSE:PGRU - Get Free Report) last issued its quarterly earnings data on Friday, March 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. The business had revenue of $30.76 million during the quarter. PropertyGuru Group had a negative net margin of 10.21% and a negative return on equity of 1.76%. During the same period in the previous year, the company posted ($0.02) earnings per share. As a group, research analysts predict that PropertyGuru Group Limited will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PropertyGuru Group

A number of large investors have recently added to or reduced their stakes in PGRU. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in PropertyGuru Group during the third quarter valued at approximately $73,000. Norges Bank purchased a new stake in PropertyGuru Group during the fourth quarter valued at approximately $969,000. Jane Street Group LLC purchased a new stake in PropertyGuru Group during the first quarter valued at approximately $465,000. Invesco Ltd. purchased a new stake in PropertyGuru Group during the first quarter valued at approximately $253,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of PropertyGuru Group in the first quarter worth $100,000. Hedge funds and other institutional investors 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.