Thryv (NASDAQ:THRY) Sets New 12-Month High at $26.42

Thryv Holdings, Inc. (NASDAQ:THRY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $26.42 and last traded at $25.60, with a volume of 76702 shares traded. The stock had previously closed at $23.68.

Analysts Set New Price Targets

Several research analysts have commented on THRY shares. TheStreet downgraded Thryv from a “c-” rating to a “d” rating in a report on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Thryv in a report on Thursday, January 18th.

Thryv Price Performance

The stock has a market capitalization of $889.30 million, a price-to-earnings ratio of -3.48 and a beta of 0.92. The company has a fifty day simple moving average of $21.95 and a 200 day simple moving average of $20.25. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). The business had revenue of $236.16 million during the quarter, compared to analyst estimates of $231.77 million. Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. Equities research analysts forecast that Thryv Holdings, Inc. will post 0.79 EPS for the current fiscal year.

Insider Activity

In other Thryv news, CEO Joe Walsh acquired 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $19.01 per share, with a total value of $95,050.00. Following the purchase, the chief executive officer now directly owns 501,172 shares of the company’s stock, valued at $9,527,279.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in THRY. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Thryv by 64.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock worth $176,000 after purchasing an additional 3,398 shares in the last quarter. MQS Management LLC bought a new position in shares of Thryv in the third quarter valued at approximately $204,000. Mackenzie Financial Corp bought a new position in shares of Thryv in the fourth quarter valued at approximately $271,000. Dark Forest Capital Management LP bought a new position in shares of Thryv in the third quarter valued at approximately $278,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Thryv in the fourth quarter valued at approximately $315,000. 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.