Thryv (NASDAQ:THRY) Stock Price Up 7.7%

Thryv Holdings, Inc. (NASDAQ:THRY) was up 7.7% during mid-day trading on Tuesday . The company traded as high as $23.82 and last traded at $23.77. Approximately 131,051 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 143,154 shares. The stock had previously closed at $22.08.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of Thryv from a “c-” rating to a “d” rating in a report on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Thryv in a research note on Thursday, January 18th.

Thryv Stock Performance

The business’s fifty day moving average price is $21.68 and its 200-day moving average price is $20.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $838.50 million, a PE ratio of -3.12 and a beta of 0.95.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). The business had revenue of $236.16 million during the quarter, compared to analysts’ expectations of $231.77 million. Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 EPS. As a group, equities research analysts forecast that Thryv Holdings, Inc. will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Joe Walsh bought 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the purchase, the chief executive officer now owns 501,172 shares in the company, valued at $9,527,279.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of THRY. VitalStone Financial LLC bought a new stake in shares of Thryv in the fourth quarter valued at about $422,000. Harspring Capital Management LLC boosted its position in Thryv by 23.2% in the fourth quarter. Harspring Capital Management LLC now owns 345,000 shares of the company’s stock valued at $7,021,000 after buying an additional 65,000 shares during the last quarter. S Squared Technology LLC boosted its position in Thryv by 13.5% in the fourth quarter. S Squared Technology LLC now owns 252,383 shares of the company’s stock valued at $5,136,000 after buying an additional 30,000 shares during the last quarter. Wittenberg Investment Management Inc. boosted its position in Thryv by 41.8% in the fourth quarter. Wittenberg Investment Management Inc. now owns 28,834 shares of the company’s stock valued at $587,000 after buying an additional 8,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Thryv by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,689,114 shares of the company’s stock worth $34,374,000 after purchasing an additional 43,101 shares in the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.