Thryv Holdings, Inc. (NASDAQ:THRY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $8.50.

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Thryv from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. Needham & Company LLC restated a “buy” rating on shares of Thryv in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada dropped their price objective on Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th.

Thryv Trading Down 2.0%

Shares of Thryv stock opened at $1.49 on Thursday. The firm has a market cap of $66.22 million, a price-to-earnings ratio of -4.03 and a beta of 0.88. Thryv has a 52-week low of $1.49 and a 52-week high of $12.57. The company’s 50-day simple moving average is $2.18 and its 200-day simple moving average is $3.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.99.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.28). Thryv had a negative net margin of 2.27% and a negative return on equity of 7.36%. The firm had revenue of $150.73 million during the quarter, compared to analyst estimates of $145.98 million. As a group, equities research analysts anticipate that Thryv will post -0.36 earnings per share for the current year.

Insider Activity at Thryv

In related news, CEO Joe Walsh bought 25,000 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were bought at an average cost of $1.80 per share, for a total transaction of $45,000.00. Following the transaction, the chief executive officer owned 788,099 shares of the company’s stock, valued at approximately $1,418,578.20. This trade represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Thryv

Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in Thryv during the second quarter worth about $156,000. Corient Private Wealth LP purchased a new stake in shares of Thryv during the 2nd quarter worth approximately $47,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Thryv during the 2nd quarter worth approximately $193,000. Mcmorgan & Co. LLC acquired a new stake in shares of Thryv in the 2nd quarter worth approximately $82,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Thryv in the 2nd quarter worth approximately $512,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Company Profile

Thryv Holdings, Inc provides software and digital marketing services designed primarily for small and midsize businesses. Its flagship Thryv platform is a cloud-based business management system that helps companies manage customer relationships, communications, online presence, scheduling, invoicing, payments and other day-to-day operations from a centralized interface.

The company’s products and services include customer relationship management tools, appointment scheduling, estimates and invoices, payment processing, automated marketing, social media and reputation management, website services, and business listings.