Thryv Holdings, Inc. (NASDAQ:THRY) — William Blair equity researchers increased their estimates of third-quarter 2022 earnings per share for Thryv in a note issued to investors on Friday, January 7. William Blair A. Bhatia analyst now expects the company to report earnings of $0.88 per share for the quarter, up from its previous forecast of $0.87. William Blair also released estimates of Thryv’s earnings for the third quarter of 2023 at $0.64 earnings per share.
Other equity research analysts have also released research reports on the company recently. B. Riley raised his price target on Thryv from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 12th. Zacks Investment Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a report released on Wednesday, October 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $40.59.
THRY shares opened at $37.50 on Monday. The stock has a market capitalization of $1.27 billion, a price-earnings ratio of 6.26 and a beta of -0.03. The stock has a 50-day moving average of $37.12 and a 200-day moving average of $33.34. The company has a trading ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.78. Thryv has a one-year low of $13.06 and a one-year high of $42.99. Thryv (NASDAQ:THRY) announced its quarterly earnings data on Thursday, November 11th. The company reported earnings of $0.95 per share in the first quarter, topping the consensus estimate of $0.76 by $0.19. Thryv had a return on equity of 88.76% and a net margin of 18.49%.
A number of hedge funds have recently modified their holdings of the business. Marshall Wace North America LP raised its stake in Thryv by 1,320.5% in the second quarter. Marshall Wace North America LP now owns 204,069 shares of the company’s stock valued at $7,301,000 after purchasing an additional 189,703 shares during the last quarter. Jump Financial LLC bought a new location in Thryv in the second quarter valued at $833,000. Samjo Capital LLC grew its holdings in Thryv by 67.8% in the second quarter. Samjo Capital LLC now owns 193,000 shares of the company’s stock valued at $6,904,000 after purchasing an additional 78,000 shares during the last quarter. Invesco Ltd. A new location in Thryv in the second quarter valued at $2,194,000. Finally, Monashee Investment Management LLC bought a new stake in shares of Thryv during the second quarter valued at $1,789,000. Institutional investors and hedge funds own 85.42% of the company’s stock.
In related news, Director of Mudrick Capital Management, L. sold 45,000 shares of the company’s stock in a transaction that took place on Monday, November 15th. The stock sold for an average price of $35.50, with a total value of $1,597,500.00. The deal was disclosed in a legal file with the Securities and Exchange Commission, which is available through the Saudi Electricity Company’s website. Corporate insiders own 59.20% of the company’s stock.
Thryv Company Profile
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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