Thryv (NASDAQ:THRY) Sets New 12-Month High at $26.42

Thryv Holdings, Inc. (NASDAQ:THRY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $26.42 and last traded at $25.60, with a volume of 76702 shares. The stock had previously closed at $23.68.

Analyst Ratings Changes

THRY has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of Thryv in a report on Friday. TheStreet lowered shares of Thryv from a “c-” rating to a “d” rating in a research note on Friday, March 1st.

Thryv Stock Performance

The stock has a fifty day moving average of $22.05 and a 200-day moving average of $20.28. The company has a quick ratio of 1.01, a current ratio of 1.15 and a debt-to-equity ratio of 1.77.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.22 earnings per share 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 positive return on equity of 3.07% and a negative net margin of 28.75%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. As a group, research analysts expect that Thryv Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insider Transactions at Thryv

In other news, CEO Joe Walsh purchased 5,000 shares of Thryv stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the transaction, the chief executive officer now owns 501,172 shares in the company, valued at $9,527,279.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Thryv by 64.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock worth $176,000 after acquiring an additional 3,398 shares in the last quarter. MQS Management LLC acquired a new position in shares of Thryv in the 3rd quarter valued at about $204,000. Mackenzie Financial Corp purchased a new stake in shares of Thryv in the fourth quarter worth approximately $271,000. Dark Forest Capital Management LP acquired a new stake in shares of Thryv during the third quarter worth approximately $278,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Thryv during the fourth quarter worth approximately $315,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

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.