Thryv (NASDAQ:THRY) Stock Price Up 7.7%

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) shot up 7.7% on Tuesday . The stock traded as high as $23.82 and last traded at $23.77. 131,051 shares were traded during trading, a decline of 8% from the average session volume of 143,154 shares. The stock had previously closed at $22.08.

Analyst Ratings Changes

A number of research firms recently issued reports on THRY. TheStreet cut shares of Thryv from a “c-” rating to a “d” rating in a research note on Friday, March 1st. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of Thryv in a research report on Thursday, January 18th.

Thryv Stock Performance

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.83. The stock’s fifty day simple moving average is $21.80 and its 200 day simple moving average is $20.13. The company has a market cap of $813.61 million, a price-to-earnings ratio of -3.05 and a beta of 0.95.

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

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh bought 5,000 shares of Thryv stock in a transaction on Monday, February 26th. The shares were bought at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the completion of the transaction, the chief executive officer now directly owns 501,172 shares of the company’s stock, valued at $9,527,279.72. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Thryv

A number of institutional investors and hedge funds have recently made changes to their positions in THRY. Pacer Advisors Inc. raised its position in Thryv by 73.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock valued at $27,433,000 after purchasing an additional 570,190 shares during the period. Minerva Advisors LLC lifted its stake in Thryv by 382.0% during the 3rd quarter. Minerva Advisors LLC now owns 239,551 shares of the company’s stock worth $4,494,000 after acquiring an additional 189,848 shares in the last quarter. Harspring Capital Management LLC purchased a new position in Thryv during the 3rd quarter valued at about $5,256,000. LB Partners LLC purchased a new position in Thryv during the 4th quarter valued at about $1,018,000. Finally, Deutsche Bank AG grew its position in Thryv by 21.3% in 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 in the last quarter. 96.38% of the stock is owned by hedge funds and other 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.