William Blair Comments on Thryv Holdings, Inc.’s Q1 2023 Earnings (NASDAQ:THRY)

Thryv Holdings, Inc. (NASDAQ:THRYGet Rating) – Research analysts at William Blair lowered their Q1 2023 earnings estimates for shares of Thryv in a report released on Thursday, November 3rd. William Blair analyst A. Bhatia now anticipates that the company will post earnings per share of $0.59 for the quarter, down from their previous forecast of $0.74. William Blair has a “Outperform” rating on the stock. The consensus estimate for Thryv’s current full-year earnings is $3.47 per share. William Blair also issued estimates for Thryv’s Q2 2023 earnings at $0.73 EPS and Q4 2023 earnings at $0.71 EPS.

Thryv (NASDAQ:THRYGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.72. Thryv had a net margin of 9.41% and a return on equity of 29.21%. The business had revenue of $334.00 million for the quarter, compared to analysts’ expectations of $308.03 million. During the same period last year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year.

THRY has been the subject of several other reports. Robert W. Baird dropped their price objective on Thryv to $40.00 in a research report on Tuesday, August 9th. B. Riley dropped their target price on shares of Thryv from $42.00 to $36.00 and set a “buy” rating for the company in a report on Monday, October 24th.

Thryv Stock Down 5.1 %

NASDAQ THRY opened at $17.79 on Monday. The business has a fifty day moving average price of $22.81 and a two-hundred day moving average price of $24.19. The stock has a market capitalization of $612.65 million, a PE ratio of 5.95 and a beta of 1.06. Thryv has a fifty-two week low of $17.64 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.31 and a quick ratio of 1.36.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. KBC Group NV acquired a new position in shares of Thryv in the second quarter valued at approximately $33,000. Lazard Asset Management LLC bought a new position in shares of Thryv during the second quarter valued at $35,000. Mutual of America Capital Management LLC raised its stake in shares of Thryv by 17.5% during the second quarter. Mutual of America Capital Management LLC now owns 2,875 shares of the company’s stock valued at $64,000 after acquiring an additional 428 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Thryv during the first quarter worth $72,000. Finally, Quantbot Technologies LP grew its stake in shares of Thryv by 1,877.0% in the first quarter. Quantbot Technologies LP now owns 3,954 shares of the company’s stock worth $111,000 after purchasing an additional 3,754 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

About Thryv

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Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.

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Earnings History and Estimates for Thryv (NASDAQ:THRY)

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