Thryv (NASDAQ:THRY) Sets New 12-Month High at $26.42

Thryv Holdings, Inc. (NASDAQ:THRY)’s stock price reached a new 52-week high on Thursday . The company traded as high as $26.42 and last traded at $25.60, with a volume of 76702 shares traded. The stock had previously closed at $23.68.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price objective on shares of Thryv in a research report on Thursday, January 18th. TheStreet lowered shares of Thryv from a “c-” rating to a “d” rating in a research report on Friday, March 1st.

Thryv Stock Performance

The stock’s fifty day moving average is $21.95 and its two-hundred day moving average is $20.25. The firm has a market capitalization of $889.30 million, a price-to-earnings ratio of -3.48 and a beta of 0.92. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01.

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

Insider Activity at Thryv

In related news, CEO Joe Walsh acquired 5,000 shares of Thryv stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $19.01 per share, for a total transaction of $95,050.00. Following the purchase, the chief executive officer now directly owns 501,172 shares of the company’s stock, valued at approximately $9,527,279.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its stake in Thryv by 73.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock valued at $27,433,000 after buying an additional 570,190 shares during the period. Minerva Advisors LLC increased its position in Thryv by 382.0% in the 3rd quarter. Minerva Advisors LLC now owns 239,551 shares of the company’s stock worth $4,494,000 after purchasing an additional 189,848 shares during the last quarter. Harspring Capital Management LLC acquired a new position in Thryv in the 3rd quarter worth about $5,256,000. LB Partners LLC acquired a new position in shares of Thryv during the 4th quarter valued at about $1,018,000. Finally, Deutsche Bank AG increased its holdings in shares of Thryv by 21.3% during the 3rd quarter. Deutsche Bank AG now owns 239,084 shares of the company’s stock valued at $4,488,000 after acquiring an additional 41,914 shares during 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.