Thryv (NASDAQ:THRY) Reaches New 1-Year Low – Should You Sell?

Thryv Holdings, Inc. (NASDAQ:THRY)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $13.60 and last traded at $13.86, with a volume of 182819 shares trading hands. The stock had previously closed at $13.99.

Wall Street Analysts Forecast Growth

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

Thryv Trading Down 1.9 %

The company has a market capitalization of $577.28 million, a P/E ratio of -1.42 and a beta of 0.85. The business has a 50 day moving average price of $16.75 and a 200 day moving average price of $18.30. 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 issued its earnings results on Thursday, November 7th. The company reported ($2.65) EPS 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 the consensus estimate of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.78) EPS. Analysts anticipate that Thryv Holdings, Inc. will post -2.17 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bullseye Asset Management LLC bought a new position in shares of Thryv during the 3rd quarter valued at about $1,028,000. Barclays PLC lifted its stake in Thryv by 397.0% in the third quarter. Barclays PLC now owns 66,126 shares of the company’s stock valued at $1,140,000 after buying an additional 52,821 shares in the last quarter. XTX Topco Ltd boosted 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 buying an additional 18,397 shares during the period. State Street Corp increased its position in shares of Thryv by 2.0% during the third quarter. State Street Corp now owns 1,159,541 shares of the company’s stock worth $19,979,000 after acquiring an additional 22,460 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Thryv during the third quarter worth $560,000. 96.38% of the stock is owned by institutional investors and hedge funds.

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.