Thryv (NASDAQ:THRY) Sees Strong Trading Volume – Should You Buy?

Thryv Holdings, Inc. (NASDAQ:THRY) saw strong trading volume on Thursday . 243,203 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 211,693 shares.The stock last traded at $14.08 and had previously closed at $14.31.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Craig Hallum began coverage on shares of Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Thryv in a report on Wednesday.

Thryv Trading Up 2.4 %

The business’s fifty day moving average is $17.47 and its 200-day moving average is $18.88. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business had revenue of $224.08 million for the quarter, compared to the consensus estimate of $221.78 million. During the same period in the previous year, the firm earned $0.43 EPS. The company’s revenue was down 10.9% on a year-over-year basis. On average, equities research analysts predict that Thryv Holdings, Inc. will post -1.05 earnings per share for the current year.

Institutional Trading of Thryv

Several hedge funds have recently bought and sold shares of the stock. SageView Advisory Group LLC bought a new position in shares of Thryv during the 1st quarter valued at approximately $54,000. Point72 DIFC Ltd purchased a new stake in shares of Thryv in the second quarter worth $100,000. Lazard Asset Management LLC bought a new stake in shares of Thryv during the 1st quarter valued at $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Thryv by 78.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after buying an additional 3,303 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Thryv in the 2nd quarter worth $143,000. 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.