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

Thryv Holdings, Inc. (NASDAQ:THRY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.02 and last traded at $11.57, with a volume of 311888 shares. The stock had previously closed at $10.25.

Wall Street Analyst Weigh In

Several analysts recently commented on THRY shares. Royal Bank of Canada assumed coverage on shares of Thryv in a research report on Thursday, March 27th. They set a “sector perform” rating and a $17.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $28.00 target price on shares of Thryv in a research report on Friday, April 4th.

Thryv Trading Up 14.4 %

The company has a fifty day moving average of $16.29 and a 200-day moving average of $15.97. 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 $508.74 million, a price-to-earnings ratio of -1.21 and a beta of 1.03.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.26. The firm had revenue of $186.60 million for the quarter, compared to analyst estimates of $183.02 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. As a group, equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Institutional Trading of Thryv

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd increased its position in Thryv by 2.2% during the fourth quarter. XTX Topco Ltd now owns 29,665 shares of the company’s stock worth $439,000 after purchasing an additional 633 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Thryv by 27.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock valued at $58,000 after buying an additional 848 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock worth $141,000 after buying an additional 1,500 shares during the last quarter. Corebridge Financial Inc. raised its position in shares of Thryv by 8.9% during the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company’s stock valued at $296,000 after buying an additional 1,631 shares during the period. Finally, Amalgamated Bank lifted its holdings in Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock valued at $169,000 after acquiring an additional 1,715 shares during the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

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.