Thryv (NASDAQ:THRY) Reaches New 12-Month Low - Time to Sell?

Shares of Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $12.75 and last traded at $13.08, with a volume of 89386 shares. The stock had previously closed at $13.45.

Analyst Upgrades and Downgrades

THRY has been the topic of several research reports. 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 objective on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $28.00 price objective on shares of Thryv in a report on Friday.

Thryv Trading Down 8.6 %

The firm's 50-day simple moving average is $16.80 and its 200-day simple moving average is $16.21. The firm has a market capitalization of $477.51 million, a PE ratio of -1.14 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.26. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business had revenue of $186.60 million for the quarter, compared to analysts' expectations of $183.02 million. Equities analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

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Hedge Funds Weigh In On Thryv

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its holdings in Thryv by 1.3% during the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company's stock valued at $93,486,000 after purchasing an additional 71,174 shares during the period. Paulson & CO. Inc. increased its stake in shares of Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock valued at $63,344,000 after buying an additional 2,280,000 shares during the period. Vanguard Group Inc. increased its stake in shares of Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after buying an additional 548,864 shares during the period. Samjo Management LLC lifted its stake in Thryv by 7.7% in the fourth quarter. Samjo Management LLC now owns 2,249,345 shares of the company's stock worth $33,290,000 after acquiring an additional 160,185 shares during the period. Finally, State Street Corp boosted its holdings in Thryv by 2.0% in the third quarter. State Street Corp now owns 1,159,541 shares of the company's stock valued at $19,979,000 after acquiring an additional 22,460 shares in the last quarter. 96.38% of the stock is owned by 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.