Thryv (NASDAQ:THRY) Releases Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Thryv (NASDAQ:THRY) released its quarterly earnings data on Tuesday. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.28), FiscalAI reports. The firm had revenue of $150.73 million for the quarter, compared to the consensus estimate of $145.98 million. Thryv had a net margin of 1.88% and a return on equity of 6.58%.

Here are the key takeaways from Thryv’s conference call:

• Thryv Growth Platform launched generally on August 3 as an AI-native successor to Marketing Center, with the company reporting early customers are seeing 40% more revenue and AI-scored leads closing 1.5 times faster. Existing customers will not be migrated until 2027 to protect retention while the company first targets new customers.
• Thryv announced strategic partnerships with Wix and Ooma, plus integrations with Breezy AI and Jobber, expanding distribution and enabling leads to flow into customers’ existing systems. Management expects these ecosystem relationships and the platform’s new free trial to improve customer acquisition efficiency.
• Thryv lowered full-year SaaS guidance to $453 million-$457 million in revenue and $42 million-$44 million in adjusted EBITDA, citing restrained sales hiring and marketing investment in the first half. Third-quarter SaaS guidance also calls for revenue of $111 million-$112 million and adjusted EBITDA of $8.5 million-$9.5 million.
• The company announced a restructuring expected to generate approximately $60 million in run-rate savings, offset by about $25 million of charges, split roughly evenly between vendor reductions and workforce cuts. SaaS represented 76% of total revenue, while ARPU rose 12% year over year to $394, but seasoned net revenue retention remained 90% and net debt was $241 million, or 2.1 times leverage.

Thryv Price Performance

Shares of THRY traded down $1.73 during trading hours on Tuesday, reaching $2.54. 1,329,833 shares of the stock traded hands, compared to its average volume of 928,065. The company has a market cap of $112.43 million, a P/E ratio of 7.93 and a beta of 0.90. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $3.92 and its two-hundred day moving average price is $3.69. Thryv has a 52-week low of $1.91 and a 52-week high of $14.28.

Hedge Funds Weigh In On Thryv

A number of hedge funds have recently made changes to their positions in THRY. Russell Investments Group Ltd. lifted its holdings in Thryv by 2,516.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after purchasing an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Thryv by 526.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after acquiring an additional 3,562 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Thryv in the 4th quarter valued at $59,000. Quarry LP lifted its stake in Thryv by 787.2% in the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after purchasing an additional 4,495 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Thryv by 98.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock worth $68,000 after purchasing an additional 2,764 shares in the last quarter. Institutional investors own 96.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on THRY shares. Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a research report on Friday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.50.

Thryv Company Profile

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.