Thryv (NASDAQ:THRY) Trading Up 4.4% – What’s Next?

Thryv Holdings, Inc. (NASDAQ:THRY) traded up 4.4% on Tuesday . The company traded as high as $15.01 and last traded at $15.01. 34,723 shares traded hands during trading, a decline of 88% from the average session volume of 278,659 shares. The stock had previously closed at $14.38.

Analyst Upgrades and Downgrades

THRY has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a report on Wednesday, December 4th. Robert W. Baird reduced their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Craig Hallum initiated coverage on shares of Thryv in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective for the company.

Thryv Stock Up 2.9 %

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $622.27 million, a PE ratio of -1.53 and a beta of 0.86. The business has a fifty day moving average of $15.30 and a 200 day moving average of $16.91.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.12). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business had revenue of $179.85 million during the quarter, compared to analysts’ expectations of $179.24 million. During the same period in the previous year, the business posted ($0.78) EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of THRY. Quarry LP boosted its stake in shares of Thryv by 1,296.3% in the 3rd quarter. Quarry LP now owns 2,248 shares of the company’s stock valued at $39,000 after buying an additional 2,087 shares during the period. KBC Group NV lifted its stake in Thryv by 97.8% in the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after acquiring an additional 1,418 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Thryv during the 2nd quarter worth approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Thryv by 78.3% in the 2nd 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 last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Thryv in the 2nd quarter valued at $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.