Q1 2024 EPS Estimates for Thryv Holdings, Inc. (NASDAQ:THRY) Reduced by William Blair

Thryv Holdings, Inc. (NASDAQ:THRY) – Stock analysts at William Blair cut their Q1 2024 earnings per share estimates for Thryv in a report released on Tuesday, April 30th. William Blair analyst A. Bhatia now forecasts that the company will earn $0.26 per share for the quarter, down from their previous estimate of $0.35. The consensus estimate for Thryv’s current full-year earnings is $0.79 per share.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data 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). The business had revenue of $233.62 million for the quarter, compared to analyst estimates of $226.66 million. Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share.

A number of other research firms also recently commented on THRY. TheStreet downgraded Thryv from a “c-” rating to a “d” rating in a research note on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of Thryv in a report on Friday.

Thryv Stock Performance

Shares of NASDAQ THRY opened at $21.50 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.83. The stock has a 50 day simple moving average of $22.05 and a 200-day simple moving average of $20.28. The company has a market cap of $770.17 million, a PE ratio of -2.87 and a beta of 0.92. Thryv has a 12-month low of $15.99 and a 12-month high of $26.42.

Institutional Investors Weigh In On Thryv

Hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in Thryv by 73.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock worth $27,433,000 after acquiring an additional 570,190 shares in the last quarter. Minerva Advisors LLC increased its position in Thryv by 382.0% in the 3rd 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 last quarter. Harspring Capital Management LLC acquired a new position in Thryv in the 3rd quarter worth about $5,256,000. LB Partners LLC acquired a new position in Thryv in the 4th quarter worth about $1,018,000. Finally, Deutsche Bank AG increased its position in Thryv by 21.3% in the 3rd quarter. Deutsche Bank AG now owns 239,084 shares of the company’s stock worth $4,488,000 after purchasing an additional 41,914 shares during the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Thryv

In related news, CEO Joe Walsh bought 5,000 shares of Thryv stock in a transaction dated 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 directly owns 501,172 shares in the company, valued at approximately $9,527,279.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.