Thryv (NASDAQ:THRY) Stock Price Up 7.7%

Thryv Holdings, Inc. (NASDAQ:THRY)’s share price was up 7.7% on Tuesday . The company traded as high as $23.82 and last traded at $23.77. Approximately 131,051 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 143,154 shares. The stock had previously closed at $22.08.

Analyst Upgrades and Downgrades

THRY has been the topic of a number of analyst reports. TheStreet lowered Thryv from a “c-” rating to a “d” rating in a research report on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective on shares of Thryv in a research note on Thursday, January 18th.

Thryv Stock Performance

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.83. The stock has a market cap of $838.50 million, a price-to-earnings ratio of -3.12 and a beta of 0.95. The stock’s 50-day simple moving average is $21.68 and its 200-day simple moving average is $20.06.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.09). The business had revenue of $236.16 million for the quarter, compared to the consensus estimate of $231.77 million. Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. Thryv’s revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 EPS. Analysts forecast that Thryv Holdings, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Activity at Thryv

In related news, CEO Joe Walsh acquired 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $19.01 per share, with a total value of $95,050.00. Following the completion of the transaction, the chief executive officer now owns 501,172 shares in the company, valued at approximately $9,527,279.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Thryv

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Thryv during the 3rd quarter valued at $334,000. Strs Ohio purchased a new position in Thryv during the third quarter valued at approximately $420,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Thryv by 48.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,815 shares of the company’s stock worth $316,000 after buying an additional 5,500 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Thryv by 0.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,254,108 shares of the company’s stock worth $23,540,000 after purchasing an additional 3,748 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Thryv by 1.1% during the third quarter. Los Angeles Capital Management LLC now owns 58,452 shares of the company’s stock valued at $1,097,000 after acquiring an additional 631 shares during the last quarter. Hedge funds and other institutional investors 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.