Thryv (NASDAQ:THRY) Trading Down 4.5%

Thryv Holdings, Inc. (NASDAQ:THRY) traded down 4.5% during trading on Wednesday . The stock traded as low as $20.37 and last traded at $20.37. 67,618 shares were traded during mid-day trading, a decline of 58% from the average session volume of 159,441 shares. The stock had previously closed at $21.32.

Analysts Set New Price Targets

Several equities research analysts have weighed in on THRY shares. Needham & Company LLC reissued a “buy” rating and set a $28.00 price target on shares of Thryv in a research report on Wednesday, May 15th. TheStreet lowered shares of Thryv from a “c-” rating to a “d” rating in a report on Friday, March 1st.

Thryv Stock Performance

The business has a fifty day moving average of $22.15 and a 200 day moving average of $20.67. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.77. The company has a market cap of $759.24 million, a P/E ratio of -2.77 and a beta of 0.92.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15). The company had revenue of $233.62 million during the quarter, compared to the consensus estimate of $226.66 million. Thryv had a positive return on equity of 3.07% and a negative net margin of 28.75%. Thryv’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities analysts predict that Thryv Holdings, Inc. will post 0.25 EPS for the current year.

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average cost of $21.11 per share, with a total value of $52,775.00. Following the transaction, the chief executive officer now directly owns 500,567 shares in the company, valued at approximately $10,566,969.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 7,950 shares of company stock worth $157,275 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THRY. SageView Advisory Group LLC bought a new position in Thryv in the 1st quarter worth about $54,000. Lazard Asset Management LLC bought a new position in shares of Thryv in the first quarter worth approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Thryv by 64.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock valued at $176,000 after buying an additional 3,398 shares during the last quarter. MQS Management LLC bought a new stake in shares of Thryv during the third quarter valued at approximately $204,000. Finally, Mackenzie Financial Corp purchased a new position in Thryv in the 4th quarter worth approximately $271,000. Institutional investors own 96.38% of the company’s stock.

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.