Thryv (NASDAQ:THRY) Hits New 52-Week Low – Time to Sell?

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) reached a new 52-week low during trading on Monday . The stock traded as low as $12.75 and last traded at $13.08, with a volume of 89386 shares. The stock had previously closed at $13.45.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on THRY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, January 15th. Royal Bank of Canada assumed coverage on shares of Thryv in a research report on Thursday, March 27th. They set a “sector perform” rating and a $17.00 price target for the company.

Thryv Trading Up 1.4 %

The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50 day moving average is $16.95 and its 200 day moving average is $16.26. The company has a market capitalization of $563.39 million, a PE ratio of -1.34 and a beta of 0.90.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.26. The company had revenue of $186.60 million during the quarter, compared to analyst estimates of $183.02 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. As a group, equities analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Hedge Funds Weigh In On Thryv

Hedge funds have recently made changes to their positions in the business. Quarry LP raised its holdings in shares of Thryv by 1,296.3% during the third quarter. Quarry LP now owns 2,248 shares of the company’s stock valued at $39,000 after acquiring an additional 2,087 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Thryv in the 4th quarter worth about $44,000. Summit Investment Advisors Inc. lifted its position in shares of Thryv by 27.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock worth $58,000 after purchasing an additional 848 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Thryv during the 4th quarter valued at about $92,000. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Thryv by 18.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after buying an additional 1,500 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.