Thryv (NASDAQ:THRY) Price Target Cut to $7.00 by Analysts at Royal Bank Of Canada

Thryv (NASDAQ:THRY) had its price target decreased by research analysts at Royal Bank Of Canada from $13.00 to $7.00 in a report released on Friday, MarketBeat Ratings reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 74.35% from the stock’s previous close.

THRY has been the subject of several other reports. Craig Hallum downgraded shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research note on Friday, October 31st. Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. B. Riley Financial reduced their price target on Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Needham & Company LLC lowered their price objective on Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.50.

Thryv Price Performance

NASDAQ:THRY traded up $0.22 during mid-day trading on Friday, reaching $4.02. The stock had a trading volume of 202,897 shares, compared to its average volume of 834,754. Thryv has a one year low of $3.45 and a one year 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 firm has a 50 day moving average price of $5.12 and a two-hundred day moving average price of $8.52. The stock has a market capitalization of $174.97 million, a P/E ratio of 9.41 and a beta of 0.87.

Hedge Funds Weigh In On Thryv

Hedge funds have recently made changes to their positions in the business. CWM LLC raised its holdings in Thryv by 567.6% in the 2nd quarter. CWM LLC now owns 8,338 shares of the company’s stock worth $101,000 after purchasing an additional 7,089 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Thryv in the second quarter worth about $128,000. CenterBook Partners LP lifted its holdings in Thryv by 93.4% in the second quarter. CenterBook Partners LP now owns 859,954 shares of the company’s stock worth $10,457,000 after buying an additional 415,282 shares during the period. Peregrine Capital Management LLC lifted its holdings in Thryv by 11.6% in the second quarter. Peregrine Capital Management LLC now owns 419,111 shares of the company’s stock worth $5,096,000 after buying an additional 43,598 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in 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 acquiring an additional 304,500 shares in the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.