PropertyGuru Group (NYSE:PGRU) Releases Quarterly Earnings Results

PropertyGuru Group (NYSE:PGRU – Get Rating) released its quarterly earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, Yahoo Finance reports. PropertyGuru Group had a negative return on equity of 21.02% and a negative net margin of 109.32%. The company had revenue of $24.48 million for the quarter. During the same period in the previous year, the business earned ($0.90) EPS.

PropertyGuru Group Price Performance

PropertyGuru Group stock opened at $4.49 on Thursday. PropertyGuru Group has a 12 month low of $4.03 and a 12 month high of $7.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 3.67. The business has a 50 day simple moving average of $4.67 and a 200-day simple moving average of $4.70. The stock has a market capitalization of $729.98 million, a PE ratio of -4.78 and a beta of 0.25.

Analyst Upgrades and Downgrades

Separately, JMP Securities cut their price target on PropertyGuru Group from $7.00 to $6.50 and set a “market outperform” rating for the company in a research note on Thursday, March 2nd.

Institutional Investors Weigh In On PropertyGuru Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada acquired a new stake in PropertyGuru Group in the first quarter valued at $42,000. Cambridge Investment Research Advisors Inc. acquired a new stake in PropertyGuru Group in the first quarter valued at $100,000. Invesco Ltd. acquired a new stake in PropertyGuru Group in the first quarter valued at $253,000. Finally, Jane Street Group LLC acquired a new stake in PropertyGuru Group in the first quarter valued at $465,000. Institutional investors and hedge funds own 77.15% of the company’s stock.

About PropertyGuru Group

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PropertyGuru Limited operates online property classifieds marketplaces in Singapore, Vietnam, Malaysia, Thailand, and Indonesia. It serves agents and developers to advertise residential and commercial properties for sale or rent to property seekers. The company was incorporated in 2006 and is based in Singapore.