Thryv (NASDAQ:THRY) Trading Up 4.4% - Should You Buy?

Shares of Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) rose 4.4% on Tuesday . The stock traded as high as $15.01 and last traded at $15.01. Approximately 34,723 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 278,659 shares. The stock had previously closed at $14.38.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on THRY shares. Needham & Company LLC restated a "buy" rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, December 4th. Craig Hallum started coverage on shares of Thryv in a report on Wednesday, October 2nd. They set a "buy" rating and a $25.00 price objective for the company. Finally, Robert W. Baird dropped their target price on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th.

Thryv Price Performance

The firm has a 50 day moving average price of $15.30 and a two-hundred day moving average price of $16.91. The company has a market cap of $622.27 million, a P/E ratio of -1.53 and a beta of 0.86. 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 - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $179.24 million. During the same quarter in the prior year, the business earned ($0.78) EPS. Thryv's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Institutional Trading of Thryv

A number of hedge funds and other institutional investors have recently made changes to their positions in THRY. Harspring Capital Management LLC boosted its holdings in Thryv by 51.2% in the 3rd quarter. Harspring Capital Management LLC now owns 635,000 shares of the company's stock valued at $10,941,000 after purchasing an additional 215,000 shares during the period. Blair William & Co. IL increased its holdings in shares of Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company's stock worth $6,340,000 after buying an additional 174,090 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Thryv during the 2nd quarter valued at $2,816,000. Assenagon Asset Management S.A. lifted its holdings in shares of Thryv by 182.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company's stock worth $3,797,000 after acquiring an additional 142,434 shares during the last quarter. Finally, Millennium Management LLC grew its position in Thryv by 78.8% in the second quarter. Millennium Management LLC now owns 178,807 shares of the company's stock worth $3,186,000 after acquiring an additional 78,793 shares in the last quarter. 96.38% of the stock is currently 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.