Thryv Holdings, Inc. (NASDAQ: THRY) A significant increase in selling interest rates during the month of December. As of December 15, there was a short interest totaling 1,660,000 shares, an increase of 19.4% over the November 30 total of 1,390,000 shares. Based on average daily trading volume of 374,900 shares, the ratio of days to coverage is currently 4.4 days. Currently, 5.7% of the shares are short sold.
Several equity research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 13th. B. Riley raised its price target for Thryv stock from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 12th. One research analyst has rated the stocks with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $40.59.
THRY shares opened at $37.50 on Friday. The company’s 50-day moving average is $37.12 and its 200-day moving average is $33.33. The company has a trading ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $1.27 billion, a price-earnings ratio of 6.26 and a beta of -0.03. Thryv has a twelve-month low at $13.06 and a twelve-month high at $42.99.
Thryv (NASDAQ:THRY) announced its quarterly earnings results on Thursday, November 11th. The company reported earnings of $0.95 per share in the first quarter, topping the consolidated estimate of $0.76 by $0.19. Thrif’s net margin was 18.49% and return on equity was 88.76%. As a group, equity research analysts expect Thryv to post 2.84 EPS for the current year.
In other Thryv news, Mudrick Capital Management Director L. sold 45,000 shares of Thryv stock in a transaction on Monday, November 15. The shares were sold at an average price of $35.50, bringing the total trades to $1,597,500.00. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the Saudi Electricity Company’s website. Insiders own 59.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors Inc. Its position in Thryv increased by 177.3% in the third quarter. Wasatch Advisors Inc. Now 2,226,286 shares of the company’s stock are valued at $66,878,000 after purchasing an additional 1,423,445 shares during the last quarter. Price T Rowe Associates Inc. A new position at Thryv in the second quarter was valued at approximately $71,802,000. FMR LLC acquired a new position in Thryv in the second quarter valued at approximately $42,165,000. Vanguard Group Inc. filed Its position in Thryv increased by 114.5% in the second quarter. Vanguard Group Inc. owns. Now, 6,704,402 shares of the company’s stock are valued at $23,980,000 after purchasing an additional 357,793 shares during the last quarter. Finally, BlackRock raised its position in Thryv by 86.2% in the third quarter. BlackRock now owns 585,204 shares of the company’s stock, valued at $17,79,000 after purchasing an additional 270,979 shares during the last quarter. 85.42% of the shares are currently owned by institutional investors.
Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools for small to medium-sized businesses (SMBs) in the United States. The company operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The SaaS segment provides Thryv, a customer experience platform for SMBs that integrates with Google; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.
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