Thryv (NASDAQ:THRY) Shares Up 4.4% – Time to Buy?

Thryv Holdings, Inc. (NASDAQ:THRY) shares shot up 4.4% during trading on Tuesday . The company traded as high as $15.01 and last traded at $15.01. 34,723 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 278,659 shares. The stock had previously closed at $14.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on THRY shares. Robert W. Baird cut their target price on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $28.00 price objective on shares of Thryv in a research report on Wednesday, December 4th. Finally, Craig Hallum initiated coverage on shares of Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price on the stock.

Thryv Stock Up 2.9 %

The stock has a market cap of $622.27 million, a PE ratio of -1.53 and a beta of 0.86. The business has a 50 day moving average of $15.30 and a 200-day moving average of $16.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The firm had revenue of $179.85 million during the quarter, compared to analyst estimates of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. Thryv’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.78) earnings per share. Equities research analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Thryv by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock worth $3,828,000 after buying an additional 28,909 shares during the period. Principal Financial Group Inc. raised its stake in Thryv by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 161,449 shares of the company’s stock valued at $2,782,000 after acquiring an additional 4,705 shares during the last quarter. Barclays PLC lifted its position in Thryv by 397.0% during the 3rd quarter. Barclays PLC now owns 66,126 shares of the company’s stock worth $1,140,000 after acquiring an additional 52,821 shares during the period. Bullseye Asset Management LLC purchased a new position in shares of Thryv in the 3rd quarter valued at approximately $1,028,000. Finally, XTX Topco Ltd increased its holdings in shares of Thryv by 173.0% in the third quarter. XTX Topco Ltd now owns 29,032 shares of the company’s stock valued at $500,000 after purchasing an additional 18,397 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.