Thryv (NASDAQ:THRY) Announces Quarterly Earnings Results, Misses Estimates By $2.16 EPS

Thryv (NASDAQ:THRY) announced its quarterly earnings data on Monday. The company reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.16), FiscalAI reports. The business had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $145.67 million. Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%.

Thryv Stock Up 8.9%

Thryv stock traded up $0.10 during mid-day trading on Monday, hitting $1.28. 753,756 shares of the company’s stock were exchanged, compared to its average volume of 867,377. Thryv has a 1-year low of $1.09 and a 1-year high of $6.60. The stock has a 50 day moving average of $1.55 and a two-hundred day moving average of $2.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.99. The stock has a market cap of $56.88 million, a P/E ratio of -3.46 and a beta of 0.89.

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh purchased 25,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was bought at an average price of $1.80 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer owned 788,099 shares in the company, valued at $1,418,578.20. The trade was a 3.28% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on THRY shares. Royal Bank Of Canada lowered their target price on Thryv from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 28th. Needham & Company LLC reiterated a “buy” rating on shares of Thryv in a research note on Tuesday, August 4th. Weiss Ratings downgraded shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered Thryv from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.00.

Thryv Company Profile

Thryv Holdings, Inc (NASDAQ:THRY) provides software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer relationships, appointments, communications, estimates, invoices, payments and online reviews through a centralized business-management system.

The company also offers tools for digital marketing and customer acquisition, including website and social media management, online presence services, lead generation, automated communications and reputation management.