Thryv Holdings, Inc. to Post Q1 2024 Earnings of $0.26 Per Share, William Blair Forecasts (NASDAQ:THRY)

Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) - Analysts at William Blair reduced their Q1 2024 EPS estimates for Thryv in a research note issued to investors on Tuesday, April 30th. William Blair analyst A. Bhatia now anticipates that the company will post earnings per share of $0.26 for the quarter, down from their previous forecast of $0.35. The consensus estimate for Thryv's current full-year earnings is $0.79 per share.

Several other equities research analysts have also recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and issued a $42.00 target price on shares of Thryv in a report on Thursday, January 18th. TheStreet downgraded Thryv from a "c-" rating to a "d" rating in a research note on Friday, March 1st.

Thryv Stock Performance

Shares of NASDAQ THRY traded up $0.49 during trading on Thursday, reaching $24.17. 295,018 shares of the company traded hands, compared to its average volume of 143,774. The firm has a 50 day simple moving average of $21.95 and a 200-day simple moving average of $20.25. Thryv has a 52-week low of $15.99 and a 52-week high of $26.42. The stock has a market capitalization of $866.01 million, a PE 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 posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $231.77 million. During the same quarter in the prior year, the firm earned $1.51 EPS. The firm's revenue for the quarter was down 15.5% compared to the same quarter last year.

Hedge Funds Weigh In On Thryv

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Thryv during the 3rd quarter valued at about $334,000. Strs Ohio bought a new position in shares of Thryv in the third quarter worth approximately $420,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Thryv by 48.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,815 shares of the company's stock worth $316,000 after purchasing an additional 5,500 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Thryv by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,254,108 shares of the company's stock valued at $23,540,000 after purchasing an additional 3,748 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Thryv by 1.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 58,452 shares of the company's stock valued at $1,097,000 after buying an additional 631 shares in the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Thryv

In other Thryv news, CEO Joe Walsh bought 5,000 shares of Thryv stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $19.01 per share, with a total value of $95,050.00. Following the completion of the acquisition, the chief executive officer now owns 501,172 shares in the company, valued at $9,527,279.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.80% of the company's stock.

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.