Benchmark Reiterates Buy Rating for PropertyGuru Group (NYSE:PGRU)

PropertyGuru Group (NYSE:PGRUGet Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a research note issued on Wednesday, Benzinga reports. They presently have a $7.00 price objective on the stock. Benchmark’s target price indicates a potential upside of 44.93% from the stock’s previous close.

PropertyGuru Group Price Performance

Shares of PGRU stock opened at $4.83 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.01. PropertyGuru Group has a 12-month low of $3.15 and a 12-month high of $4.94. The firm has a fifty day moving average of $3.90 and a 200-day moving average of $3.58. The firm has a market capitalization of $786.86 million, a price-to-earnings ratio of -96.60 and a beta of 0.26.

PropertyGuru Group (NYSE:PGRUGet Free Report) last announced its quarterly earnings results on Friday, March 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. PropertyGuru Group had a negative return on equity of 1.11% and a negative net margin of 7.37%. The company had revenue of $30.76 million during the quarter. During the same quarter last year, the company earned ($0.02) earnings per share. On average, equities research analysts forecast that PropertyGuru Group will post -0.02 earnings per share for the current year.

Institutional Trading of PropertyGuru Group

A hedge fund recently raised its stake in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd boosted its stake in PropertyGuru Group Limited (NYSE:PGRUFree Report) by 30.3% during the first quarter, according to the company in its most recent filing with the SEC. 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 SEC. Institutional investors own 61.38% of the company’s stock.

PropertyGuru Group Company Profile

(Get Free Report)

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.

Further Reading

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