PropertyGuru Group (NYSE:PGRU) Sees Large Volume Increase

PropertyGuru Group Limited (NYSE:PGRU) saw strong trading volume on Monday . 40,319 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 23,709 shares.The stock last traded at $3.74 and had previously closed at $3.73.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and issued a $7.00 target price on shares of PropertyGuru Group in a report on Monday, March 4th.

PropertyGuru Group Stock Up 3.0 %

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 firm’s 50-day moving average price is $3.58 and its two-hundred day moving average price is $3.55.

PropertyGuru Group (NYSE:PGRU) last posted its earnings results on Friday, March 1st. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $30.76 million for the quarter. PropertyGuru Group had a negative return on equity of 1.76% and a negative net margin of 10.21%. During the same quarter last year, the firm posted ($0.02) EPS. On average, equities research analysts forecast that PropertyGuru Group Limited will post -0.02 EPS for the current year.

Institutional Trading of PropertyGuru Group

A hedge fund recently bought a new stake in PropertyGuru Group stock. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in PropertyGuru Group Limited (NYSE:PGRU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $73,000. 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.