PropertyGuru (NYSE:PGRU) Shares Gap Up to $4.42

Shares of PropertyGuru Limited (NYSE:PGRUGet Rating) gapped up before the market opened on Friday . The stock had previously closed at $4.42, but opened at $4.55. PropertyGuru shares last traded at $4.49, with a volume of 308 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PGRU shares. JMP Securities started coverage on shares of PropertyGuru in a research report on Thursday, June 30th. They set an “outperform” rating and a $7.50 price target on the stock. HSBC started coverage on shares of PropertyGuru in a research report on Wednesday, June 15th. They set a “buy” rating and a $8.40 price target on the stock.

PropertyGuru Stock Performance

The company’s 50 day moving average is $4.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.10 and a current ratio of 3.10.

Institutional Trading of PropertyGuru

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada bought a new stake in shares of PropertyGuru in the first quarter worth $42,000. Leo Brokerage LLC bought a new stake in shares of PropertyGuru in the first quarter worth $69,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of PropertyGuru in the first quarter worth $100,000. Tikvah Management LLC bought a new stake in shares of PropertyGuru in the second quarter worth $230,000. Finally, Invesco Ltd. bought a new stake in shares of PropertyGuru in the first quarter worth $253,000. Hedge funds and other institutional investors own 61.49% of the company’s stock.

About PropertyGuru

(Get Rating)

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.

Featured Stories

Receive News & Ratings for PropertyGuru Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PropertyGuru and related companies with MarketBeat.com's FREE daily email newsletter.