Thryv Holdings, Inc. (NASDAQ:THRY) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have received an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.00.

THRY has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on Thryv from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Wednesday. Needham & Company LLC restated a “buy” rating on shares of Thryv in a report on Tuesday, August 4th. Wall Street Zen downgraded Thryv from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings cut Thryv from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, August 13th.

Insider Buying and Selling

In related news, CEO Joe Walsh acquired 25,000 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was purchased at an average price of $1.80 per share, with a total value of $45,000.00. Following the completion of the purchase, the chief executive officer owned 788,099 shares in the company, valued at $1,418,578.20. This trade represents a 3.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Thryv

A number of institutional investors have recently bought and sold shares of THRY. Paulson & CO. Inc. boosted its holdings in shares of Thryv by 94.2% in the first quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock worth $23,136,000 after buying an additional 4,096,765 shares during the last quarter. Luxor Capital Group LP lifted its holdings in shares of Thryv by 36.5% in the first quarter. Luxor Capital Group LP now owns 1,131,235 shares of the company’s stock worth $3,100,000 after buying an additional 302,300 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Thryv by 6.7% during the 1st quarter. Empowered Funds LLC now owns 159,493 shares of the company’s stock valued at $437,000 after purchasing an additional 10,015 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Thryv in the second quarter worth $512,000. Finally, Hsbc Holdings PLC raised its position in Thryv by 10.4% during the first quarter. Hsbc Holdings PLC now owns 126,235 shares of the company’s stock valued at $346,000 after purchasing an additional 11,910 shares during the period. 96.38% of the stock is owned by institutional investors.

Thryv Stock Performance

Shares of NASDAQ THRY opened at $1.25 on Monday. The firm has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $3.08. The stock has a market cap of $55.55 million, a P/E ratio of -3.38 and a beta of 0.88. Thryv has a 52-week low of $1.11 and a 52-week high of $8.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.00.

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

Thryv Company Profile

Thryv Holdings, Inc (NASDAQ:THRY) provides software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer relationships, appointments, communications, estimates, invoices, payments and online reviews through a centralized business-management system.

The company also offers tools for digital marketing and customer acquisition, including website and social media management, online presence services, lead generation, automated communications and reputation management.