Thryv Holdings, Inc. (NASDAQ:THRY) Given Average Rating of “Buy” by Analysts

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.

Thryv (NASDAQ:THRY) last issued its earnings results on Wednesday, August 11th. The company reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.03). The business had revenue of $291.05 million during the quarter, compared to analysts’ expectations of $286.62 million. On average, equities analysts predict that Thryv will post 2.62 earnings per share for the current year.

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.

About Thryv

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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Analyst Recommendations for Thryv (NASDAQ:THRY)

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