Thryv (NASDAQ:THRY) Hits New 52-Week Low – What’s Next?

Thryv Holdings, Inc. (NASDAQ:THRY)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $12.75 and last traded at $13.08, with a volume of 89386 shares traded. The stock had previously closed at $13.45.

Analysts Set New Price Targets

THRY has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Thryv in a report on Wednesday, January 15th. Royal Bank of Canada initiated coverage on Thryv in a research report on Thursday. They issued a “sector perform” rating and a $17.00 price objective on the stock.

Thryv Trading Down 4.2 %

The stock’s 50 day moving average is $17.07 and its 200-day moving average is $16.33. 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 company has a market capitalization of $559.10 million, a P/E ratio of -1.34 and a beta of 0.90.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.26. The company had revenue of $186.60 million during the quarter, compared to analysts’ expectations of $183.02 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. As a group, equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Hedge Funds Weigh In On Thryv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP grew its position in Thryv by 1,296.3% during the 3rd quarter. Quarry LP now owns 2,248 shares of the company’s stock valued at $39,000 after purchasing an additional 2,087 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Thryv during the fourth quarter valued at approximately $44,000. Summit Investment Advisors Inc. increased its position in shares of Thryv by 27.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock valued at $58,000 after acquiring an additional 848 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Thryv in the 4th quarter worth approximately $92,000. Finally, Oregon Public Employees Retirement Fund lifted its position in Thryv by 18.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after acquiring an additional 1,500 shares in the last quarter. 96.38% of the stock is currently owned by 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.