Brokerages Set Thryv Holdings, Inc. (NASDAQ:THRY) Price Target at $13.00

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have earned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.00.

Several research firms have recently issued reports on THRY. Needham & Company LLC reduced their target price on shares of Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. William Blair downgraded shares of Thryv from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a research report on Monday. Craig Hallum downgraded Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research note on Friday, October 31st. Finally, Royal Bank Of Canada decreased their price target on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st.

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh acquired 25,000 shares of the stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $6.51 per share, with a total value of $162,750.00. Following the completion of the transaction, the chief executive officer owned 610,232 shares in the company, valued at approximately $3,972,610.32. The trade was a 4.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.88% of the company’s stock.

Hedge Funds Weigh In On Thryv

Several institutional investors have recently bought and sold shares of the company. Ancient Art L.P. grew its stake in shares of Thryv by 468.2% during the 3rd quarter. Ancient Art L.P. now owns 1,309,459 shares of the company’s stock worth $15,792,000 after acquiring an additional 1,079,016 shares during the period. American Century Companies Inc. raised its position in shares of Thryv by 1,010.8% in the second quarter. American Century Companies Inc. now owns 864,246 shares of the company’s stock valued at $10,509,000 after purchasing an additional 786,445 shares during the period. CenterBook Partners LP raised its position in shares of Thryv by 93.4% in the second quarter. CenterBook Partners LP now owns 859,954 shares of the company’s stock valued at $10,457,000 after purchasing an additional 415,282 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Thryv by 108.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 585,316 shares of the company’s stock valued at $7,117,000 after buying an additional 304,500 shares in the last quarter. Finally, Roubaix Capital LLC bought a new position in Thryv in the 3rd quarter worth approximately $3,394,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Stock Performance

Shares of THRY opened at $6.05 on Tuesday. Thryv has a 52 week low of $5.25 and a 52 week high of $20.92. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average price of $6.57 and a two-hundred day moving average price of $10.39. The firm has a market capitalization of $263.66 million, a P/E ratio of 14.76 and a beta of 0.78.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.30). The company had revenue of $201.56 million for the quarter, compared to analysts’ expectations of $200.81 million. Thryv had a net margin of 2.29% and a return on equity of 8.64%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.65) EPS. Equities analysts forecast that Thryv will post -2.24 earnings per share for the current fiscal year.

Thryv Company Profile

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.