Thryv (NASDAQ:THRY) Sets New 1-Year Low – What’s Next?

Thryv Holdings, Inc. (NASDAQ:THRY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.93 and last traded at $14.93, with a volume of 328224 shares. The stock had previously closed at $18.34.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on THRY. Needham & Company LLC reissued a “buy” rating and set a $28.00 target price on shares of Thryv in a research report on Wednesday. Craig Hallum initiated coverage on shares of Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective on the stock.

Thryv Price Performance

The firm’s 50 day simple moving average is $17.55 and its 200-day simple moving average is $18.93. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The firm had revenue of $224.08 million during the quarter, compared to analyst estimates of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share.

Institutional Investors Weigh In On Thryv

Several large investors have recently modified their holdings of the company. SageView Advisory Group LLC acquired a new position in shares of Thryv in the 1st quarter valued at $54,000. Point72 DIFC Ltd purchased a new position in Thryv during the 2nd quarter worth $100,000. Lazard Asset Management LLC purchased a new position in Thryv during the 1st quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Thryv by 78.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after purchasing an additional 3,303 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Thryv in the second quarter valued at about $143,000. 96.38% of the stock is owned by institutional investors and hedge funds.

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.