Thryv (NASDAQ:THRY) Reaches New 52-Week High at $26.42

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $26.42 and last traded at $25.60, with a volume of 76702 shares traded. The stock had previously closed at $23.68.

Analyst Upgrades and Downgrades

Several research analysts have commented on THRY shares. TheStreet lowered Thryv from a "c-" rating to a "d" rating in a research report on Friday, March 1st. Needham & Company LLC reissued a "buy" rating and issued a $42.00 target price on shares of Thryv in a report on Thursday, January 18th.

Thryv Price Performance

The stock has a fifty day moving average of $21.95 and a two-hundred day moving average of $20.25. The stock has a market cap of $866.01 million, a price-to-earnings ratio of -3.23 and a beta of 0.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.83.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.09). Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. The business had revenue of $236.16 million for the quarter, compared to analyst estimates of $231.77 million. During the same period in the prior year, the company earned $1.51 EPS. The company's revenue was down 15.5% on a year-over-year basis. On average, equities research analysts anticipate that Thryv Holdings, Inc. will post 0.79 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Joe Walsh acquired 5,000 shares of Thryv stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $19.01 per share, for a total transaction of $95,050.00. Following the completion of the transaction, the chief executive officer now directly owns 501,172 shares of the company's stock, valued at $9,527,279.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Thryv

Several large investors have recently added to or reduced their stakes in THRY. Pacer Advisors Inc. lifted its position in Thryv by 73.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company's stock worth $27,433,000 after buying an additional 570,190 shares during the period. Harspring Capital Management LLC purchased a new position in Thryv during the third quarter worth about $5,256,000. Charles Schwab Investment Management Inc. lifted its position in Thryv by 95.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 494,621 shares of the company's stock worth $9,284,000 after buying an additional 241,165 shares during the period. S Squared Technology LLC acquired a new stake in Thryv during the third quarter worth about $4,174,000. Finally, Minerva Advisors LLC increased its stake in Thryv by 382.0% during the third quarter. Minerva Advisors LLC now owns 239,551 shares of the company's stock worth $4,494,000 after acquiring an additional 189,848 shares during the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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.