Thryv (NASDAQ:THRY) Sees Large Volume Increase – What’s Next?

Thryv Holdings, Inc. (NASDAQ:THRY) shares saw unusually-strong trading volume on Thursday . Approximately 243,203 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 211,693 shares.The stock last traded at $14.08 and had previously closed at $14.31.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on THRY. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Thryv in a research report on Wednesday. Craig Hallum began coverage on shares of Thryv in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective for the company.

Thryv Trading Down 2.1 %

The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day moving average price is $17.62 and its 200-day moving average price is $18.96. The company has a market cap of $508.61 million, a price-to-earnings ratio of -1.83 and a beta of 0.81.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The company had revenue of $224.08 million for the quarter, compared to analyst estimates of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brooktree Capital Management lifted its holdings in Thryv by 5.9% during the 1st quarter. Brooktree Capital Management now owns 379,898 shares of the company’s stock valued at $8,445,000 after purchasing an additional 21,276 shares during the last quarter. Empowered Funds LLC increased its holdings in Thryv by 8.2% during the 1st quarter. Empowered Funds LLC now owns 171,478 shares of the company’s stock valued at $3,812,000 after purchasing an additional 12,950 shares in the last quarter. Swiss National Bank boosted its stake in Thryv by 1.7% in the first quarter. Swiss National Bank now owns 65,900 shares of the company’s stock worth $1,465,000 after purchasing an additional 1,100 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Thryv in the first quarter valued at $54,000. Finally, Blair William & Co. IL bought a new position in shares of Thryv in the first quarter valued at about $4,039,000. 96.38% of the stock is owned by institutional investors.

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.