Q2 2024 Earnings Estimate for Thryv Holdings, Inc. (NASDAQ:THRY) Issued By William Blair

Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) - Investment analysts at William Blair decreased their Q2 2024 earnings estimates for Thryv in a report issued on Tuesday, April 30th. William Blair analyst A. Bhatia now forecasts that the company will post earnings of $0.45 per share for the quarter, down from their previous estimate of $0.50. The consensus estimate for Thryv's current full-year earnings is $0.79 per share. William Blair also issued estimates for Thryv's Q3 2024 earnings at ($0.24) EPS, Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.11 EPS and FY2025 earnings at $1.29 EPS.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.15). Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. The business had revenue of $233.62 million for the quarter, compared to analysts' expectations of $226.66 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm's quarterly revenue was down 4.9% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on THRY. TheStreet downgraded Thryv from a "c-" rating to a "d" rating in a report on Friday, March 1st. Needham & Company LLC reissued a "buy" rating and set a $28.00 target price on shares of Thryv in a research note on Friday.

Thryv Trading Down 11.1 %

NASDAQ:THRY traded down $2.68 during mid-day trading on Friday, hitting $21.50. 589,667 shares of the stock traded hands, compared to its average volume of 148,963. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $770.17 million, a price-to-earnings ratio of -2.87 and a beta of 0.92. Thryv has a 52 week low of $15.99 and a 52 week high of $26.42. The firm's 50 day moving average is $22.05 and its two-hundred day moving average is $20.28.

Institutional Trading of Thryv

Several hedge funds have recently modified their holdings of THRY. Pacer Advisors Inc. grew its position in Thryv by 73.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company's stock worth $27,433,000 after purchasing an additional 570,190 shares during the last quarter. Harspring Capital Management LLC acquired a new stake in Thryv during the 3rd quarter worth about $5,256,000. Charles Schwab Investment Management Inc. grew its stake in Thryv by 95.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 494,621 shares of the company's stock valued at $9,284,000 after purchasing an additional 241,165 shares during the last quarter. S Squared Technology LLC purchased a new position in shares of Thryv in the third quarter worth about $4,174,000. Finally, Minerva Advisors LLC lifted its holdings in shares of 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 purchasing an additional 189,848 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh acquired 5,000 shares of Thryv stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $19.01 per share, with a total value of $95,050.00. Following the completion of the purchase, the chief executive officer now directly owns 501,172 shares of the company's stock, valued at approximately $9,527,279.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.80% of the company's stock.

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.