Thryv Holdings, Inc. (NASDAQ:THRY) Short Interest Down 14.6% in June

Thryv Holdings, Inc. (NASDAQ:THRY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 2,480,000 shares, a decline of 14.6% from the June 15th total of 2,902,600 shares. Currently, 8.0% of the company’s shares are short sold. Based on an average daily volume of 249,400 shares, the days-to-cover ratio is currently 9.9 days.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Wednesday, May 15th.

Thryv Trading Up 4.1 %

NASDAQ:THRY opened at $17.91 on Tuesday. 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 has a twelve month low of $15.99 and a twelve month high of $26.42. The firm’s fifty day simple moving average is $19.64 and its 200 day simple moving average is $20.65.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.15). Thryv had a negative net margin of 28.75% and a positive return on equity of 3.07%. The company had revenue of $233.62 million for the quarter, compared to analysts’ expectations of $226.66 million. During the same quarter in the prior year, the firm earned $0.25 EPS. Thryv’s quarterly revenue was down 4.9% compared to the same quarter last year. Equities analysts predict that Thryv will post 0.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh bought 2,500 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average price of $21.11 per share, for a total transaction of $52,775.00. Following the completion of the acquisition, the chief executive officer now owns 500,567 shares of the company’s stock, valued at $10,566,969.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in THRY. SageView Advisory Group LLC bought a new stake in shares of Thryv during the first quarter valued at approximately $54,000. Lazard Asset Management LLC purchased a new stake in shares of Thryv in the 1st quarter worth about $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 worth $176,000 after buying an additional 3,398 shares during the period. Mackenzie Financial Corp purchased a new position in Thryv during the 4th quarter valued at about $271,000. Finally, Graham Capital Management L.P. bought a new stake in Thryv during the third quarter worth about $309,000. Institutional investors own 96.38% of the company’s stock.

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.