Thryv (NASDAQ:THRY) Trading Down 5.3% - What's Next?

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report)'s stock price traded down 5.3% during mid-day trading on Thursday . The company traded as low as $15.05 and last traded at $14.97. 39,961 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 430,177 shares. The stock had previously closed at $15.81.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $28.00 price target on shares of Thryv in a research note on Wednesday, January 15th.

Thryv Stock Performance

The firm has a market cap of $652.95 million, a P/E ratio of -1.56 and a beta of 0.90. The firm has a fifty day moving average of $17.04 and a 200-day moving average of $16.60. 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 released 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 net margin of 38.87% and a negative return on equity of 42.95%. The business had revenue of $186.60 million for the quarter, compared to analyst estimates of $183.02 million. Research analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in Thryv by 1.3% in the third quarter. FMR LLC now owns 5,425,792 shares of the company's stock worth $93,486,000 after purchasing an additional 71,174 shares in the last quarter. Paulson & CO. Inc. grew its stake in 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 acquiring an additional 2,280,000 shares in the last quarter. Vanguard Group Inc. increased its position in Thryv by 22.5% in the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock worth $44,155,000 after purchasing an additional 548,864 shares during the last quarter. Samjo Management LLC boosted its holdings in shares of Thryv by 7.7% in the 4th quarter. Samjo Management LLC now owns 2,249,345 shares of the company's stock worth $33,290,000 after purchasing an additional 160,185 shares during the period. Finally, State Street Corp boosted its holdings in 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 acquiring an additional 22,460 shares during the period. Hedge funds and other institutional investors own 96.38% of the company's stock.

About Thryv

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.

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