Thryv (NASDAQ:THRY) Trading 3.4% Higher - Should You Buy?

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) traded up 3.4% during trading on Thursday . The company traded as high as $16.13 and last traded at $15.96. 25,401 shares traded hands during trading, a decline of 91% from the average session volume of 289,955 shares. The stock had previously closed at $15.44.

Analyst Upgrades and Downgrades

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

Thryv Price Performance

The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day moving average of $14.99 and a 200 day moving average of $16.65. The company has a market cap of $663.89 million, a PE ratio of -1.63 and a beta of 0.88.

Thryv (NASDAQ:THRY - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($2.65) EPS 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 company had revenue of $179.85 million during the quarter, compared to analysts' expectations of $179.24 million. During the same period in the prior year, the business posted ($0.78) earnings per share. The company's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in THRY. FMR LLC boosted its position in shares of Thryv by 1.3% during the third 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 in the last quarter. State Street Corp boosted its holdings 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 valued at $19,979,000 after buying an additional 22,460 shares in the last quarter. Harspring Capital Management LLC grew its position in shares of Thryv by 51.2% in the 3rd quarter. Harspring Capital Management LLC now owns 635,000 shares of the company's stock worth $10,941,000 after buying an additional 215,000 shares during the period. Brooktree Capital Management grew its position in shares of Thryv by 7.1% in the 3rd quarter. Brooktree Capital Management now owns 407,730 shares of the company's stock worth $7,025,000 after buying an additional 27,018 shares during the period. Finally, Blair William & Co. IL increased its stake 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 acquiring an additional 174,090 shares in the last quarter. Hedge funds and other 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.