Thryv (NASDAQ:THRY) Reaches New 1-Year Low at $15.82
Thryv Holdings, Inc. (NASDAQ: THRY) reached a new 1-year low at $15.82. The company reported lower than expected earnings per share for the quarter and a decrease in revenue compared to the previous year. The CEO purchased shares of the stock. The company provides digital marketing solutions and cloud-based tools to small-to-medium sized businesses.
Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.82 and last traded at $16.87, with a volume of 258116 shares trading hands. The stock had previously closed at $18.13.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reissued a "buy" rating and issued a $28.00 price objective on shares of Thryv in a research note on Friday.
Check Out Our Latest Stock Report on THRY
Thryv Stock Performance
The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.15. The stock's 50 day simple moving average is $18.85 and its two-hundred day simple moving average is $20.63. The company has a market capitalization of $609.83 million, a P/E ratio of -2.41 and a beta of 0.83.
Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). The firm had revenue of $224.08 million during the quarter, compared to the consensus estimate of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. Thryv's revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. As a group, research analysts expect that Thryv Holdings, Inc. will post 0.25 earnings per share for the current year.
Insider Activity
In other Thryv news, CEO Joe Walsh purchased 2,500 shares of the stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average cost of $21.11 per share, for a total transaction of $52,775.00. Following the purchase, the chief executive officer now owns 500,567 shares of the company's stock, valued at $10,566,969.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by company insiders.
Institutional Trading of Thryv
Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Thryv by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,689,114 shares of the company's stock valued at $34,374,000 after purchasing an additional 43,101 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Thryv by 26.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 624,728 shares of the company's stock worth $12,713,000 after purchasing an additional 130,107 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Thryv by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 423,710 shares of the company's stock worth $9,420,000 after acquiring an additional 1,306 shares during the last quarter. Brooktree Capital Management increased its stake in Thryv by 5.9% in the 1st quarter. Brooktree Capital Management now owns 379,898 shares of the company's stock worth $8,445,000 after purchasing an additional 21,276 shares during the period. Finally, Harspring Capital Management LLC lifted its position in Thryv by 23.2% in the fourth quarter. Harspring Capital Management LLC now owns 345,000 shares of the company's stock valued at $7,021,000 after purchasing an additional 65,000 shares during the last quarter. Institutional investors own 96.38% of the company's stock.
Thryv Company Profile
(Get Free Report)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.
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