Thryv (NASDAQ:THRY) Stock Price Up 3.4% – What’s Next?

Thryv Holdings, Inc. (NASDAQ:THRY)’s share price was up 3.4% during trading on Thursday . The company traded as high as $16.13 and last traded at $15.96. Approximately 25,401 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 289,955 shares. The stock had previously closed at $15.44.

Analysts Set New Price Targets

A number of analysts have recently commented on THRY shares. Craig Hallum started coverage on Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research report on Wednesday. Finally, Robert W. Baird dropped their price target on Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th.

Thryv Price Performance

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 market capitalization of $667.22 million, a PE ratio of -1.64 and a beta of 0.88. The company has a 50-day moving average of $14.97 and a 200 day moving average of $16.65.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results 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 return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $179.85 million for the quarter, compared to analysts’ expectations of $179.24 million. During the same quarter in the previous year, the firm posted ($0.78) earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Hedge Funds Weigh In On Thryv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Thryv by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock worth $3,828,000 after buying an additional 28,909 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Thryv by 3.0% during the third quarter. Principal Financial Group Inc. now owns 161,449 shares of the company’s stock worth $2,782,000 after buying an additional 4,705 shares during the last quarter. Barclays PLC boosted its stake in Thryv by 397.0% during the third quarter. Barclays PLC now owns 66,126 shares of the company’s stock worth $1,140,000 after buying an additional 52,821 shares during the last quarter. Bullseye Asset Management LLC acquired a new position in Thryv during the third quarter worth $1,028,000. Finally, XTX Topco Ltd boosted its stake in Thryv by 173.0% during the third quarter. XTX Topco Ltd now owns 29,032 shares of the company’s stock worth $500,000 after buying an additional 18,397 shares during the last quarter. Institutional investors and hedge funds 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.