Thryv (NASDAQ:THRY) Trading Up 3.4% – Time to Buy?

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) traded up 3.4% during trading on Thursday . The stock traded as high as $16.13 and last traded at $15.96. 25,401 shares were traded during trading, a decline of 91% from the average session volume of 289,955 shares. The stock had previously closed at $15.44.

Wall Street Analysts Forecast Growth

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

Thryv Price Performance

The firm has a market capitalization of $663.81 million, a PE ratio of -1.63 and a beta of 0.88. The stock’s 50 day simple moving average is $15.02 and its two-hundred day simple moving average is $16.63. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04.

Thryv (NASDAQ:THRY) last announced its quarterly 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 firm had revenue of $179.85 million for the quarter, compared to analyst estimates 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 in the previous year, the firm posted ($0.78) EPS. On average, sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Institutional Investors Weigh In On Thryv

A number of institutional investors and hedge funds have recently made changes to their positions in THRY. Quarry LP increased its holdings in 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 purchasing an additional 2,087 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Thryv during the 4th quarter worth about $44,000. KBC Group NV boosted its holdings in Thryv by 97.8% during the 3rd quarter. KBC Group NV now owns 2,868 shares of the company’s stock valued at $49,000 after acquiring an additional 1,418 shares during the period. Point72 DIFC Ltd acquired a new position in Thryv in the 2nd quarter valued at about $100,000. Finally, XTX Topco Ltd acquired a new position in Thryv in the 2nd quarter valued at about $190,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.