Thryv (NASDAQ:THRY) Stock Price Down 8.3% – Time to Sell?

Thryv Holdings, Inc. (NASDAQ:THRY) traded down 8.3% during mid-day trading on Tuesday . The stock traded as low as $3.63 and last traded at $3.64. 899,046 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 1,135,803 shares. The stock had previously closed at $3.97.

Analyst Ratings Changes

THRY has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Needham & Company LLC lowered their price objective on shares of Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada lowered their price objective on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Friday, February 20th. Finally, Wall Street Zen downgraded shares of Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.50.

Thryv Trading Down 8.3%

The company has a market cap of $161.43 million, a P/E ratio of 11.38 and a beta of 0.91. The stock’s 50-day moving average is $3.22 and its two-hundred day moving average is $4.37. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, April 30th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. Thryv had a net margin of 1.88% and a return on equity of 6.58%. The business had revenue of $167.68 million during the quarter, compared to analysts’ expectations of $161.69 million. As a group, equities research analysts predict that Thryv Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Thryv news, CEO Joe Walsh bought 15,000 shares of Thryv stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $2.91 per share, with a total value of $43,650.00. Following the completion of the acquisition, the chief executive officer owned 775,749 shares in the company, valued at approximately $2,257,429.59. This represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul D. Rouse bought 14,000 shares of Thryv stock in a transaction on Monday, March 2nd. The shares were acquired at an average cost of $2.35 per share, with a total value of $32,900.00. Following the completion of the acquisition, the chief financial officer owned 349,079 shares of the company’s stock, valued at $820,335.65. The trade was a 4.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 45,000 shares of company stock valued at $120,250. 9.88% of the stock is owned by corporate insiders.

Institutional Trading of Thryv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Thryv by 14.9% during the first quarter. Bank of America Corp DE now owns 105,343 shares of the company’s stock valued at $289,000 after buying an additional 13,675 shares during the last quarter. Amundi increased its holdings in Thryv by 54.9% during the first quarter. Amundi now owns 30,644 shares of the company’s stock valued at $84,000 after buying an additional 10,860 shares during the last quarter. Empowered Funds LLC increased its holdings in Thryv by 6.7% during the first quarter. Empowered Funds LLC now owns 159,493 shares of the company’s stock valued at $437,000 after buying an additional 10,015 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Thryv during the first quarter valued at approximately $189,000. Finally, Paulson & CO. Inc. increased its holdings in Thryv by 94.2% during the first quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock valued at $23,136,000 after buying an additional 4,096,765 shares during the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.