Thryv (NASDAQ:THRY) Reaches New 1-Year Low - Here's Why

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.02 and last traded at $11.57, with a volume of 311888 shares. The stock had previously closed at $10.25.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on THRY shares. Royal Bank of Canada started coverage on shares of Thryv in a report on Thursday, March 27th. They issued a "sector perform" rating and a $17.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and set a $28.00 price target on shares of Thryv in a research report on Thursday.

Thryv Price Performance

The company has a market capitalization of $502.67 million, a PE ratio of -1.20 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. The firm's 50-day moving average is $15.79 and its 200-day moving average is $15.80.

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

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Hedge Funds Weigh In On Thryv

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in Thryv by 2.5% during the first quarter. Rhumbline Advisers now owns 102,261 shares of the company's stock valued at $1,310,000 after buying an additional 2,477 shares during the period. GAMMA Investing LLC lifted its stake in shares of Thryv by 5,199.7% in the 1st quarter. GAMMA Investing LLC now owns 17,012 shares of the company's stock valued at $218,000 after acquiring an additional 16,691 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Thryv by 13.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,409 shares of the company's stock valued at $1,027,000 after acquiring an additional 8,340 shares during the period. Two Sigma Investments LP bought a new position in Thryv during the 4th quarter worth approximately $1,381,000. Finally, Point72 Asset Management L.P. purchased a new position in Thryv in the 4th quarter worth approximately $956,000. 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.