In a year marked by significant volatility, THRY, the stock of Dex Media Inc, has reached a 52-week low, trading at $13.72. This latest price point underscores the challenges the company has faced in a shifting market landscape, reflecting a notable 1-year change with a decrease of -25.85%. Investors are closely monitoring the stock as it navigates through the economic pressures that have led to this low, considering the potential for rebound or further decline in the coming months. The 52-week low serves as a critical indicator for the company's performance and investor sentiment, as market watchers evaluate the stock's future trajectory against the backdrop of its past year's downturn.
In other recent news, Thryv Holdings, Inc. announced its third-quarter results, displaying a remarkable transition from a directory publisher to a SaaS provider. The company reported a 29% year-over-year increase in its SaaS segment's Annual Recurring Revenue (ARR), hitting $350 million. Thryv's recent acquisition of Keap is expected to bolster their services and contribute to revenue growth. The company's SaaS segment achieved $87.1 million in revenue for Q3, and the number of SaaS subscribers rose by 45% to 96,000. The acquisition of Keap is projected to add between $11 million and $12 million to Q4 revenue. Despite a temporary decline in Average Revenue Per User (ARPU) due to new customer introductory rates, Thryv's leadership remains optimistic about the company's future. These are among the latest developments for Thryv Holdings, Inc.
InvestingPro Insights
The recent performance of THRY aligns with several key insights from InvestingPro. The stock's 52-week low is reflected in InvestingPro data, which shows a significant 6-month price total return of -37.15% and a 1-month return of -20.1%. These figures underscore the stock's recent struggles as mentioned in the article.
InvestingPro Tips highlight that THRY is "not profitable over the last twelve months," which is consistent with the reported P/E Ratio (Adjusted) of -9.0. This profitability challenge is further emphasized by the basic EPS (Cont. Ops) of -$9.5 USD for the last twelve months as of Q3 2024.
Despite these challenges, analysts predict that the company will be profitable this year, according to another InvestingPro Tip. This forecast could provide a glimmer of hope for investors looking beyond the current 52-week low.
For readers interested in a more comprehensive analysis, InvestingPro offers 5 additional tips that could provide further context to THRY's market position and future prospects.
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