Thryv (NASDAQ:THRY) Trading Up 3.4% – Here’s What Happened

Thryv Holdings, Inc. (NASDAQ:THRY)’s stock price was up 3.4% during mid-day trading on Thursday . The company traded as high as $16.13 and last traded at $15.96. Approximately 25,401 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 289,955 shares. The stock had previously closed at $15.44.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on THRY shares. Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Wednesday. Robert W. Baird lowered their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Craig Hallum started coverage on shares of Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective on the stock.

Thryv Trading Down 1.4 %

The company has a market cap of $663.81 million, a price-to-earnings ratio of -1.63 and a beta of 0.88. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The business’s fifty day simple moving average is $15.02 and its two-hundred day simple moving average is $16.63.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The company had revenue of $179.85 million during the quarter, compared to analysts’ expectations of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. Thryv’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm earned ($0.78) earnings per share. On average, equities analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Institutional Investors Weigh In On Thryv

Several hedge funds have recently made changes to their positions in THRY. Harspring Capital Management LLC raised its stake in shares of Thryv by 51.2% during the third quarter. Harspring Capital Management LLC now owns 635,000 shares of the company’s stock worth $10,941,000 after purchasing an additional 215,000 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Thryv by 95.8% during the second quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock worth $6,340,000 after acquiring an additional 174,090 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Thryv during the 2nd quarter worth approximately $2,816,000. Assenagon Asset Management S.A. lifted its holdings in shares of Thryv by 182.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company’s stock valued at $3,797,000 after buying an additional 142,434 shares during the period. Finally, Millennium Management LLC grew its holdings in Thryv by 78.8% during the second quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock worth $3,186,000 after acquiring an additional 78,793 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.