Shares of Thryv Holdings, Inc. (NASDAQ:THRY – Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $14.93 and last traded at $14.93, with a volume of 328224 shares traded. The stock had previously closed at $18.34.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on THRY shares. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Thryv in a research report on Wednesday. Craig Hallum initiated coverage on shares of Thryv in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company.
Check Out Our Latest Stock Report on Thryv
Thryv Price Performance
Thryv (NASDAQ:THRY – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The business had revenue of $224.08 million for the quarter, compared to analyst estimates of $221.78 million. Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. Thryv’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of THRY. SageView Advisory Group LLC purchased a new position in shares of Thryv in the 1st quarter valued at about $54,000. Point72 DIFC Ltd purchased a new position in Thryv in the second quarter worth approximately $100,000. Lazard Asset Management LLC acquired a new position in Thryv during the 1st quarter worth approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after purchasing an additional 3,303 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Thryv in the 2nd quarter valued at approximately $143,000. 96.38% of the stock is 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.
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