Thryv (NASDAQ:THRY) Stock Gets Price Target Trim from Royal Bank Of Canada

Thryv (NASDAQ:THRY) had its price target trimmed by Royal Bank Of Canada from $3.00 to $2.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Several other analysts also recently issued reports on the company. Needham & Company LLC restated a “buy” rating on shares of Thryv in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Thryv from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Thryv has an average rating of “Hold” and a consensus target price of $4.00.

Thryv Stock Performance

THRY opened at $1.25 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. The firm has a market cap of $55.55 million, a PE ratio of -3.38 and a beta of 0.88. The business has a fifty day simple moving average of $1.62 and a 200-day simple moving average of $3.08. Thryv has a fifty-two week low of $1.11 and a fifty-two week high of $8.01.

Thryv (NASDAQ:THRY) last announced its earnings results on Tuesday, August 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $150.73 million for the quarter, compared to analyst estimates of $145.98 million. As a group, equities analysts predict that Thryv will post -0.36 EPS for the current fiscal year.

Insider Activity at Thryv

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

Institutional Investors Weigh In On Thryv

Several hedge funds have recently bought and sold shares of THRY. DGS Capital Management LLC purchased a new stake in shares of Thryv in the first quarter worth approximately $31,000. Corient Private Wealth LP acquired a new stake in shares of Thryv during the second quarter worth approximately $47,000. Meeder Asset Management Inc. boosted its holdings in shares of Thryv by 53.4% during the first quarter. Meeder Asset Management Inc. now owns 15,008 shares of the company’s stock worth $41,000 after purchasing an additional 5,226 shares during the period. Mcmorgan & Co. LLC purchased a new position in Thryv during the second quarter valued at approximately $82,000. Finally, Amundi grew its position in Thryv by 54.9% during the first quarter. Amundi now owns 30,644 shares of the company’s stock valued at $84,000 after purchasing an additional 10,860 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) 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.