Thryv (NASDAQ:THRY) Sets New 1-Year Low on Disappointing Earnings

Thryv Holdings, Inc. (NASDAQ:THRY) reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $7.84 and last traded at $8.17, with a volume of 4574137 shares changing hands. The stock had previously closed at $11.70.

The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.30). The business had revenue of $201.56 million during the quarter, compared to analysts’ expectations of $200.81 million. Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%.Thryv’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted ($2.65) EPS. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. William Blair restated an “outperform” rating on shares of Thryv in a report on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Thryv in a research note on Wednesday, October 8th. Needham & Company LLC set a $14.00 target price on shares of Thryv and gave the stock a “buy” rating in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Thryv during the third quarter valued at approximately $137,000. Allspring Global Investments Holdings LLC lifted its position in Thryv by 1.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,127,581 shares of the company’s stock valued at $13,193,000 after purchasing an additional 15,689 shares during the period. Exchange Traded Concepts LLC lifted its position in Thryv by 18.1% during the third quarter. Exchange Traded Concepts LLC now owns 22,715 shares of the company’s stock valued at $274,000 after purchasing an additional 3,477 shares during the period. Public Sector Pension Investment Board lifted its position in Thryv by 9.6% during the second quarter. Public Sector Pension Investment Board now owns 140,213 shares of the company’s stock valued at $1,705,000 after purchasing an additional 12,339 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Thryv by 526.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after purchasing an additional 3,562 shares during the period. Institutional investors own 96.38% of the company’s stock.

Thryv Trading Down 30.2%

The company has a market cap of $358.99 million, a P/E ratio of -3.45 and a beta of 0.92. The stock’s 50-day moving average is $12.08 and its two-hundred day moving average is $12.65. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20.

Thryv Company Profile

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.