Thryv Holdings, Inc. (THRY) Aug 2024 Earnings Report

Thryv Holdings, Inc.: Investment Report

Overview

Thryv Holdings, Inc. (THRY) is a leader in providing digital marketing solutions and cloud-based tools to small-to-medium sized businesses in the United States. With a strong presence in the internet content and information industry, THRY has established itself as a go-to partner for businesses looking to enhance their online presence. As a result, THRY has attracted the attention of several analysts, with a majority recommending a "buy" rating. In this report, we will delve into the company's financial performance, growth prospects, and recent news to help investors make an informed decision.

Core Metrics

  • Current price: $18.13 USD
  • 52-week high: $26.42
  • 52-week low: $15.99
  • Market Cap: $658.17 million
  • P/E Ratio: N/A (due to negative EPS)
  • Earnings per Share: -$7.81
  • 50-day average: $18.94
  • 200-day average: $20.05
  • Analyst Recommendations: 4 "buy" ratings

Financial Performance

THRY's financial performance has been mixed, with the company reporting negative EPS of -$7.81. However, the company's revenue has been stable, with a growth rate of -0.049. The company's gross margins stand at 0.63764, while its EBITDA margins are 0.12533. THRY has a strong cash position, with total cash of $14.39 million and free cash flow of $167.35 million.

Growth Prospects

THRY's growth prospects are promising, driven by the increasing demand for digital marketing solutions and cloud-based tools. The company's focus on providing innovative solutions to SMBs positions it well to capitalize on this trend. Additionally, THRY's expansion into new markets and its investment in artificial intelligence-powered solutions are expected to drive growth in the future.

News and Updates

Recent news articles have highlighted the increasing adoption of AI-powered solutions in the drive-thru industry, with companies like Taco Bell and Chick-fil-A expanding their use of AI voice technology. While THRY is not directly involved in this trend, its focus on providing digital marketing solutions to SMBs positions it well to benefit from the increasing adoption of technology in the industry.

Upgrades and Downgrades

Needham has consistently maintained a "buy" rating on THRY, with its most recent recommendation on May 15, 2024. Baird has also maintained an "outperform" rating on the stock, with its most recent recommendation on August 4, 2023.

Summary

In conclusion, THRY's strong presence in the digital marketing solutions and cloud-based tools industry, combined with its promising growth prospects and solid financial performance, make it an attractive investment opportunity. With a majority of analysts recommending a "buy" rating, THRY is a stock worth considering for investors looking to capitalize on the growing demand for digital solutions. However, investors should be cautious of the company's negative EPS and monitor its financial performance closely.

Disclosures

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