Thryv (NASDAQ:THRY) Stock Price Down 5.3% – Here’s Why

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) fell 5.3% during trading on Thursday . The stock traded as low as $15.05 and last traded at $14.97. 39,961 shares were traded during trading, a decline of 91% from the average session volume of 430,177 shares. The stock had previously closed at $15.81.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Thryv in a research report on Wednesday, January 15th.

Thryv Stock Performance

The stock’s fifty day simple moving average is $17.04 and its 200-day simple moving average is $16.60. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $652.95 million, a PE ratio of -1.56 and a beta of 0.90.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.26. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm had revenue of $186.60 million for the quarter, compared to analyst estimates of $183.02 million. As a group, equities analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Institutional Investors Weigh In On Thryv

Institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Thryv by 397.0% during the 3rd quarter. Barclays PLC now owns 66,126 shares of the company’s stock worth $1,140,000 after buying an additional 52,821 shares during the period. FMR LLC boosted its holdings in Thryv by 1.3% during the third quarter. FMR LLC now owns 5,425,792 shares of the company’s stock valued at $93,486,000 after purchasing an additional 71,174 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Thryv by 17.7% in the 4th quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company’s stock worth $339,000 after purchasing an additional 3,447 shares during the last quarter. Bullseye Asset Management LLC bought a new stake in Thryv during the third quarter worth about $1,028,000. Finally, JPMorgan Chase & Co. increased its holdings in Thryv by 15.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock valued at $3,828,000 after purchasing an additional 28,909 shares in the last quarter. 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.