Thryv (NASDAQ:THRY) Sets New 12-Month Low – Here’s What Happened

Thryv Holdings, Inc. (NASDAQ:THRY)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $13.60 and last traded at $13.86, with a volume of 182819 shares traded. The stock had previously closed at $13.99.

Wall Street Analysts Forecast Growth

THRY has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Thryv in a research report on Friday, November 8th. Robert W. Baird cut their price objective on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Craig Hallum began coverage on shares of Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company.

Thryv Stock Performance

The stock has a market capitalization of $577.28 million, a P/E ratio of -1.42 and a beta of 0.85. 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 stock has a 50 day simple moving average of $16.75 and a two-hundred day simple moving average of $18.30.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The firm had revenue of $179.85 million during the quarter, compared to analyst estimates of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.78) EPS. On average, equities analysts forecast that Thryv Holdings, Inc. will post -2.17 EPS for the current fiscal year.

Institutional Trading of Thryv

Several institutional investors and hedge funds have recently bought and sold shares of THRY. Blair William & Co. IL acquired a new position in shares of Thryv during the 1st quarter worth approximately $4,039,000. Harspring Capital Management LLC increased its holdings in shares of Thryv by 7.7% in the second quarter. Harspring Capital Management LLC now owns 420,000 shares of the company’s stock valued at $7,484,000 after purchasing an additional 30,000 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Thryv in the second quarter valued at about $2,816,000. Swiss National Bank lifted its stake in shares of Thryv by 1.7% during the 1st quarter. Swiss National Bank now owns 65,900 shares of the company’s stock worth $1,465,000 after buying an additional 1,100 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Thryv in the 2nd quarter valued at about $1,388,000. Institutional investors own 96.38% of the company’s stock.

Thryv Company Profile

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.