PropertyGuru Group (NYSE:PGRU) Issues Earnings Results

PropertyGuru Group (NYSE:PGRU – Get Rating) announced its earnings results on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, Yahoo Finance reports. The firm had revenue of $24.48 million during the quarter. PropertyGuru Group had a negative net margin of 109.32% and a negative return on equity of 21.02%. During the same quarter last year, the firm posted ($0.90) earnings per share.

PropertyGuru Group Stock Up 3.9 %

Shares of PGRU opened at $4.49 on Thursday. PropertyGuru Group has a 1-year low of $4.03 and a 1-year 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 firm has a fifty day moving average price of $4.67 and a 200 day moving average price of $4.70.

Wall Street Analyst Weigh In

Separately, JMP Securities lowered their target price on shares of 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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in shares of PropertyGuru Group in the first quarter valued at about $465,000. Invesco Ltd. acquired a new stake in shares of PropertyGuru Group in the first quarter valued at approximately $253,000. Cambridge Investment Research Advisors Inc. acquired a new stake in PropertyGuru Group during the first quarter worth approximately $100,000. Finally, Royal Bank of Canada acquired a new stake in PropertyGuru Group during the first quarter worth approximately $42,000. 77.15% of the stock is owned by hedge funds and other institutional investors.

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.