Thryv (NASDAQ:THRY) Sets New 1-Year Low - Here's What Happened

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as $13.60 and last traded at $13.86, with a volume of 182819 shares. The stock had previously closed at $13.99.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on THRY shares. Needham & Company LLC reissued a "buy" rating and issued a $28.00 price objective on shares of Thryv in a research note on Friday, November 8th. Craig Hallum assumed coverage on Thryv in a research report on Wednesday, October 2nd. They issued a "buy" rating and a $25.00 price target on the stock. Finally, Robert W. Baird lowered their price objective on Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, November 8th.

Thryv Price Performance

The firm has a market cap of $577.28 million, a P/E ratio of -1.42 and a beta of 0.85. 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 business's 50 day moving average is $16.75 and its two-hundred day moving average is $18.30.

Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings data 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). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. During the same period last year, the business posted ($0.78) earnings per share. The business's revenue was down 2.2% on a year-over-year basis. As a group, analysts anticipate that Thryv Holdings, Inc. will post -2.17 earnings per share for the current year.

Institutional Trading of Thryv

Large investors have recently modified their holdings of the stock. Bullseye Asset Management LLC acquired a new position in shares of Thryv during the 3rd quarter valued at $1,028,000. Barclays PLC increased its stake in Thryv by 397.0% in the third quarter. Barclays PLC now owns 66,126 shares of the company's stock valued at $1,140,000 after purchasing an additional 52,821 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Thryv by 173.0% during the third quarter. XTX Topco Ltd now owns 29,032 shares of the company's stock valued at $500,000 after purchasing an additional 18,397 shares during the period. State Street Corp boosted its position in shares of Thryv by 2.0% during the 3rd quarter. State Street Corp now owns 1,159,541 shares of the company's stock worth $19,979,000 after purchasing an additional 22,460 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Thryv in the 3rd quarter valued at about $560,000. Institutional investors and hedge funds 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.