Thryv (NASDAQ:THRY) Sees Strong Trading Volume

Thryv Holdings, Inc. (NASDAQ:THRY) saw an uptick in trading volume on Monday . 335,900 shares were traded during trading, an increase of 123% from the previous session’s volume of 150,936 shares.The stock last traded at $20.70 and had previously closed at $21.50.

Wall Street Analyst Weigh In

THRY has been the subject of several recent analyst reports. TheStreet downgraded shares of Thryv from a “c-” rating to a “d” rating in a research report on Friday, March 1st. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Friday, May 3rd.

Thryv Price Performance

The company has a market cap of $768.55 million, a PE ratio of -2.85 and a beta of 0.92. The stock has a fifty day simple moving average of $22.14 and a two-hundred day simple moving average of $20.37. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.77.

Thryv (NASDAQ:THRY) last issued its 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 analysts’ expectations of $226.66 million. Thryv had a negative net margin of 28.75% and a positive return on equity of 3.07%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. On average, equities analysts predict that Thryv Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $19.01 per share, with a total value of $95,050.00. Following the purchase, the chief executive officer now owns 501,172 shares of the company’s stock, valued at approximately $9,527,279.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is owned by insiders.

Institutional Trading of Thryv

Institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC boosted its position in Thryv by 2.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 28,649 shares of the company’s stock worth $583,000 after purchasing an additional 555 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Thryv by 1.1% in the third quarter. Los Angeles Capital Management LLC now owns 58,452 shares of the company’s stock valued at $1,097,000 after buying an additional 631 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Thryv by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 97,177 shares of the company’s stock valued at $1,824,000 after buying an additional 802 shares during the period. Swiss National Bank lifted its position in Thryv by 1.3% during the 3rd quarter. Swiss National Bank now owns 72,800 shares of the company’s stock worth $1,366,000 after acquiring an additional 900 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in Thryv by 0.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 157,449 shares of the company’s stock worth $2,955,000 after acquiring an additional 923 shares during the period. 96.38% of the stock is owned by hedge funds and other 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.