PropertyGuru (NYSE:PGRU) Stock Price Up 12.5%

PropertyGuru Limited (NYSE:PGRUGet Rating) rose 12.5% on Tuesday . The company traded as high as $4.87 and last traded at $4.87. Approximately 497 shares changed hands during trading, a decline of 99% from the average daily volume of 37,781 shares. The stock had previously closed at $4.33.

PGRU has been the subject of a number of analyst reports. HSBC initiated coverage on shares of PropertyGuru in a research note on Wednesday, June 15th. They set a “buy” rating and a $8.40 target price for the company. BTIG Research initiated coverage on shares of PropertyGuru in a research note on Monday, April 18th. They issued a “neutral” rating for the company.

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $6.49.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada acquired a new position in shares of PropertyGuru during the first quarter valued at about $42,000. Leo Brokerage LLC acquired a new position in shares of PropertyGuru during the first quarter valued at about $69,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of PropertyGuru in the first quarter valued at approximately $100,000. Invesco Ltd. bought a new stake in shares of PropertyGuru in the first quarter valued at approximately $253,000. Finally, Jane Street Group LLC bought a new stake in shares of PropertyGuru in the first quarter valued at approximately $465,000. 11.45% of the stock is owned by hedge funds and other institutional investors.

PropertyGuru Company Profile (NYSE:PGRU)

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.

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