Wall Street Zen Downgrades Thryv (NASDAQ:THRY) to Sell

Thryv (NASDAQ:THRY) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently issued reports on THRY. Royal Bank Of Canada dropped their target price on shares of Thryv from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Wednesday. Needham & Company LLC restated a “buy” rating on shares of Thryv in a research report on Tuesday, August 4th. Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.50.

Thryv Price Performance

Shares of NASDAQ:THRY opened at $2.44 on Friday. Thryv has a 1-year low of $1.91 and a 1-year high of $13.94. The firm has a market capitalization of $108.43 million, a PE ratio of -6.59 and a beta of 0.90. The business’s 50 day moving average is $3.83 and its 200-day moving average is $3.61. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.99.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.28). Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%.The business had revenue of $150.73 million during the quarter, compared to analyst estimates of $145.98 million. Sell-side analysts predict that Thryv will post 0.55 earnings per share for the current year.

Institutional Trading of Thryv

A number of institutional investors have recently bought and sold shares of THRY. DGS Capital Management LLC bought a new position in shares of Thryv in the 1st quarter worth $31,000. Russell Investments Group Ltd. grew its position in shares of Thryv by 2,516.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after buying an additional 2,995 shares during the period. Meeder Asset Management Inc. grew its position in shares of Thryv by 53.4% during the 1st quarter. Meeder Asset Management Inc. now owns 15,008 shares of the company’s stock worth $41,000 after buying an additional 5,226 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Thryv by 526.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after acquiring an additional 3,562 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Thryv by 787.2% in the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after acquiring an additional 4,495 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

About Thryv

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.