Thryv (NASDAQ:THRY) Sets New 1-Year Low – Should You Sell?

Thryv Holdings, Inc. (NASDAQ:THRY) shares hit a new 52-week low on Friday . The stock traded as low as $13.60 and last traded at $13.86, with a volume of 182819 shares. The stock had previously closed at $13.99.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on THRY shares. Needham & Company LLC restated a “buy” rating and set a $28.00 target price on shares of Thryv in a research note on Friday, November 8th. Craig Hallum assumed coverage on shares of Thryv in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target on the stock. Finally, Robert W. Baird dropped their price objective on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th.

Thryv Trading Down 1.4 %

The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The business’s fifty day moving average is $16.82 and its 200-day moving average is $18.40. The firm has a market cap of $579.80 million, a P/E ratio of -1.45 and a beta of 0.85.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The firm had revenue of $179.85 million for the quarter, compared to analysts’ expectations of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. Thryv’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.78) earnings per share. Analysts predict that Thryv Holdings, Inc. will post -2.17 EPS for the current year.

Hedge Funds Weigh In On Thryv

A number of institutional investors have recently added to or reduced their stakes in THRY. Blair William & Co. IL purchased a new position in shares of Thryv in the 1st quarter worth approximately $4,039,000. Harspring Capital Management LLC grew its holdings in Thryv by 7.7% in the second quarter. Harspring Capital Management LLC now owns 420,000 shares of the company’s stock valued at $7,484,000 after purchasing an additional 30,000 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Thryv in the second quarter valued at approximately $2,816,000. Swiss National Bank lifted its position in Thryv by 1.7% during the first quarter. Swiss National Bank now owns 65,900 shares of the company’s stock worth $1,465,000 after buying an additional 1,100 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Thryv during the second quarter worth $1,388,000. Institutional investors own 96.38% 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.