Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been given an average rating of “Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $41.71.
Several research analysts have recently issued reports on THRY shares. Needham & Company LLC started coverage on Thryv in a research note on Monday, June 28th. They issued a “buy” rating and a $42.00 price objective for the company. William Blair set a $33.54 price objective on Thryv in a research note on Monday, July 12th. Zacks Investment Research downgraded Thryv from a “hold” rating to a “sell” rating in a research note on Tuesday, July 20th. B. Riley started coverage on Thryv in a research note on Thursday, July 15th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, CJS Securities started coverage on Thryv in a research note on Thursday, June 3rd. They issued an “outperform” rating and a $42.00 price objective for the company.
NASDAQ THRY traded down $0.04 during trading on Friday, hitting $29.28. 309,486 shares of the company’s stock were exchanged, compared to its average volume of 154,678. The company has a market cap of $991.57 million and a PE ratio of 5.82. Thryv has a fifty-two week low of $8.10 and a fifty-two week high of $37.26. The stock’s 50 day moving average price is $31.70 and its two-hundred day moving average price is $28.48.
In other Thryv news, major shareholder Goldentree Asset Management Lp sold 12,244 shares of the stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $31.09, for a total transaction of $380,665.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mudrick Capital Management, L. sold 917,000 shares of the stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $31.23, for a total value of $28,637,910.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,656,509 shares of company stock valued at $51,390,826 in the last three months. Insiders own 59.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of THRY. Boston Partners bought a new position in shares of Thryv in the 1st quarter worth $1,252,000. State of Tennessee Treasury Department bought a new position in shares of Thryv in the 1st quarter worth $133,000. Acadian Asset Management LLC bought a new position in shares of Thryv in the 1st quarter worth $2,361,000. UBS Group AG bought a new position in shares of Thryv in the 1st quarter worth $26,000. Finally, Samjo Capital LLC lifted its holdings in shares of Thryv by 15.0% in the 1st quarter. Samjo Capital LLC now owns 115,000 shares of the company’s stock worth $2,691,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.
Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the 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, an SMB end-to-end customer experience platform, which is integrated with Google; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.
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