Thryv (NASDAQ:THRY) Issues Earnings Results

Thryv (NASDAQ:THRY) posted its quarterly earnings results on Tuesday. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.28), FiscalAI reports. The firm had revenue of $150.73 million for the quarter, compared to analysts’ expectations of $145.98 million. Thryv had a net margin of 1.88% and a return on equity of 6.58%.

Thryv Stock Performance

NASDAQ THRY opened at $4.26 on Tuesday. The firm has a market capitalization of $188.93 million, a P/E ratio of 13.31 and a beta of 0.90. The stock has a 50-day simple moving average of $3.92 and a two-hundred day simple moving average of $3.69. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23. Thryv has a fifty-two week low of $1.91 and a fifty-two week high of $14.28.

Institutional Trading of Thryv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Man Group plc lifted its holdings in Thryv by 67.4% in the fourth quarter. Man Group plc now owns 17,657 shares of the company’s stock valued at $107,000 after acquiring an additional 7,110 shares during the period. Jain Global LLC acquired a new stake in shares of Thryv during the 4th quarter worth approximately $162,000. Corsair Capital Management L.P. acquired a new stake in shares of Thryv during the 4th quarter worth approximately $121,000. Aquatic Capital Management LLC purchased a new position in shares of Thryv during the 3rd quarter valued at approximately $107,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Thryv by 69.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,433 shares of the company’s stock valued at $114,000 after purchasing an additional 3,862 shares in the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on THRY shares. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a research note on Friday. Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.50.

Thryv Company Profile

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.