William Blair Brokers Lower Earnings Estimates for Thryv

Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) - Stock analysts at William Blair decreased their Q3 2024 earnings per share estimates for Thryv in a note issued to investors on Wednesday, October 30th. William Blair analyst A. Bhatia now expects that the company will earn ($0.34) per share for the quarter, down from their previous estimate of ($0.19). William Blair also issued estimates for Thryv's Q4 2024 earnings at ($0.11) EPS, FY2024 earnings at ($2.05) EPS, Q1 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $0.89 EPS.

Several other brokerages have also recently issued reports on THRY. Needham & Company LLC reissued a "buy" rating and set a $28.00 price objective on shares of Thryv in a research note on Wednesday. Craig Hallum started coverage on shares of Thryv in a report on Wednesday, October 2nd. They issued a "buy" rating and a $25.00 price objective on the stock.

Thryv Trading Up 1.5 %

Thryv stock traded up $0.22 during trading on Friday, reaching $14.60. The company had a trading volume of 834,139 shares, compared to its average volume of 223,803. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $529.98 million, a price-to-earnings ratio of -1.84 and a beta of 0.81. Thryv has a 12-month low of $13.74 and a 12-month high of $26.42. The stock's 50 day moving average price is $17.55 and its two-hundred day moving average price is $18.93.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.30). Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. The firm had revenue of $224.08 million for the quarter, compared to analysts' expectations of $221.78 million. During the same quarter last year, the firm earned $0.43 earnings per share. The business's quarterly revenue was down 10.9% compared to the same quarter last year.

Institutional Trading of Thryv

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SageView Advisory Group LLC acquired a new stake in shares of Thryv in the 1st quarter valued at about $54,000. Lazard Asset Management LLC acquired a new stake in Thryv during the first quarter valued at approximately $118,000. Point72 DIFC Ltd bought a new position in Thryv during the 2nd quarter worth approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company's stock worth $134,000 after acquiring an additional 3,303 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Thryv in the 2nd quarter valued at approximately $143,000. Institutional investors 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.