Thryv (NASDAQ:THRY) Issues Earnings Results

Thryv (NASDAQ:THRY) released its quarterly earnings data on Thursday. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.15), Briefing.com reports. Thryv had a negative net margin of 28.75% and a positive return on equity of 3.07%. The firm had revenue of $233.62 million for the quarter, compared to the consensus estimate of $226.66 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue was down 4.9% compared to the same quarter last year.

Thryv Stock Down 11.1 %

Shares of NASDAQ THRY traded down $2.68 during trading on Friday, hitting $21.50. The stock had a trading volume of 590,117 shares, compared to its average volume of 118,012. The firm has a fifty day moving average of $22.08 and a two-hundred day moving average of $20.30. The company has a market capitalization of $770.17 million, a PE ratio of -2.86 and a beta of 0.92. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.15 and a quick ratio of 1.01. Thryv has a 12 month low of $15.99 and a 12 month high of $26.42.

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh bought 5,000 shares of Thryv stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $19.01 per share, with a total value of $95,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 501,172 shares in the company, valued at approximately $9,527,279.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Thryv in a research note on Friday. TheStreet cut shares of Thryv from a “c-” rating to a “d” rating in a research report on Friday, March 1st.

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.