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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $13.00.

Several equities research analysts have weighed in on the company. B. Riley cut their price target on Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Royal Bank Of Canada lowered their price objective on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Craig Hallum cut shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a report on Friday, October 31st. Finally, Wall Street Zen raised shares of Thryv from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd.

Thryv Trading Up 2.0%

Shares of THRY stock opened at $4.61 on Friday. Thryv has a fifty-two week low of $4.51 and a fifty-two week high of $20.92. The company has a 50 day moving average price of $5.68 and a 200 day moving average price of $9.41. The stock has a market capitalization of $200.90 million, a P/E ratio of 11.24 and a beta of 0.78. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.30). Thryv had a net margin of 2.29% and a return on equity of 8.64%. The business had revenue of $201.56 million during the quarter, compared to analysts’ expectations of $200.81 million. During the same period in the prior year, the business earned ($2.65) EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts predict that Thryv will post -2.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh purchased 25,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $6.51 per share, with a total value of $162,750.00. Following the acquisition, the chief executive officer directly owned 610,232 shares of the company’s stock, valued at approximately $3,972,610.32. This represents a 4.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Thryv

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in Thryv by 2,516.8% in the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after purchasing an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 3,562 shares in the last quarter. Quarry LP grew its position 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 buying an additional 4,495 shares during the last quarter. Quotient Wealth Partners LLC purchased a new position in shares of Thryv in the 4th quarter valued at $63,000. Finally, BNP Paribas Financial Markets raised its stake in Thryv by 98.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock worth $68,000 after acquiring an additional 2,764 shares in 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.