PropertyGuru Group (NYSE:PGRU) Hits New 1-Year High – Here’s What Happened

PropertyGuru Group Limited (NYSE:PGRU)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $6.66 and last traded at $6.66, with a volume of 2199 shares traded. The stock had previously closed at $6.66.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market perform” rating on shares of PropertyGuru Group in a report on Tuesday, August 20th.

PropertyGuru Group Stock Performance

The stock has a fifty day moving average of $6.63 and a 200 day moving average of $6.11. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.01.

Institutional Trading of PropertyGuru Group

Several hedge funds have recently made changes to their positions in PGRU. ANTIPODES PARTNERS Ltd raised its stake in shares of PropertyGuru Group by 97.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 84,223 shares of the company’s stock valued at $408,000 after buying an additional 41,582 shares during the period. Virtu Financial LLC purchased a new position in PropertyGuru Group during the third quarter worth about $460,000. Finally, Glazer Capital LLC purchased a new position in shares of PropertyGuru Group in the 3rd quarter worth about $15,590,000. 61.38% of the stock is currently owned by institutional investors.

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.