Thryv (NASDAQ:THRY) Trading 4.4% Higher – Still a Buy?

Thryv Holdings, Inc. (NASDAQ:THRY) shares traded up 4.4% on Tuesday . The stock 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 a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Thryv in a research report on Wednesday, December 4th. Robert W. Baird cut their price objective on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Craig Hallum started coverage on shares of Thryv in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company.

Thryv Stock Up 4.8 %

The firm has a market cap of $633.62 million, a PE ratio of -1.56 and a beta of 0.86. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $15.40 and a two-hundred day moving average price of $16.97.

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

Hedge Funds Weigh In On Thryv

Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Thryv by 78.3% during the second 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. Quest Partners LLC acquired a new stake in shares of Thryv during the 2nd quarter valued at about $143,000. American Century Companies Inc. increased its holdings in Thryv by 18.7% in the second quarter. American Century Companies Inc. now owns 46,494 shares of the company’s stock worth $829,000 after buying an additional 7,328 shares during the last quarter. Renaissance Technologies LLC bought a new position in Thryv during the second quarter valued at approximately $2,816,000. Finally, Blair William & Co. IL raised its position in Thryv by 95.8% during the second quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock valued at $6,340,000 after acquiring an additional 174,090 shares in the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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.