Q1 2024 EPS Estimates for Thryv Holdings, Inc. (NASDAQ:THRY) Reduced by William Blair

Thryv Holdings, Inc. (NASDAQ:THRY) – William Blair cut their Q1 2024 earnings per share estimates for Thryv in a report issued on Tuesday, April 30th. William Blair analyst A. Bhatia now expects that the company will post earnings of $0.26 per share for the quarter, down from their prior forecast of $0.35. The consensus estimate for Thryv’s current full-year earnings is $0.79 per share.

A number of other analysts also recently issued reports on THRY. TheStreet downgraded Thryv from a “c-” rating to a “d” rating in a research report on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $28.00 price target on shares of Thryv in a research report on Friday.

Thryv Price Performance

NASDAQ:THRY opened at $21.50 on Thursday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is $22.05 and its 200 day simple moving average is $20.28. The company has a market cap of $770.17 million, a P/E ratio of -2.87 and a beta of 0.92. Thryv has a 52-week low of $15.99 and a 52-week high of $26.42.

Thryv (NASDAQ:THRY) last released 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 analyst estimates of $226.66 million. Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. Thryv’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS.

Insider Activity

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

Institutional Investors Weigh In On Thryv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Thryv by 64.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock valued at $176,000 after acquiring an additional 3,398 shares during the last quarter. MQS Management LLC acquired a new stake in Thryv in the third quarter valued at $204,000. Mackenzie Financial Corp acquired a new stake in Thryv in the fourth quarter valued at $271,000. Dark Forest Capital Management LP acquired a new stake in Thryv in the third quarter valued at $278,000. Finally, Graham Capital Management L.P. acquired a new stake in Thryv in the third quarter valued at $309,000. 96.38% of the stock is currently owned by 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.