Thryv Target of Unusually Large Options Trading (NASDAQ:THRY)

Thryv Holdings, Inc. (NASDAQ:THRY) saw some unusual options trading on Friday. Traders acquired 5,119 call options on the stock. This is an increase of 1,053% compared to the typical volume of 444 call options.

Thryv Price Performance

Shares of THRY stock traded up $0.09 during trading hours on Friday, hitting $3.89. The company had a trading volume of 738,434 shares, compared to its average volume of 841,292. Thryv has a 12 month low of $3.45 and a 12 month high of $20.92. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s fifty day moving average is $5.12 and its 200 day moving average is $8.52. The firm has a market capitalization of $169.70 million, a price-to-earnings ratio of 9.51 and a beta of 0.87.

Hedge Funds Weigh In On Thryv

Institutional investors and hedge funds have recently bought and sold shares of the business. Bullseye Asset Management LLC boosted its holdings in shares of Thryv by 0.9% in the second quarter. Bullseye Asset Management LLC now owns 115,984 shares of the company’s stock valued at $1,410,000 after buying an additional 1,000 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Thryv by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,887 shares of the company’s stock worth $169,000 after purchasing an additional 1,023 shares during the period. Swiss National Bank increased its holdings in Thryv by 1.7% during the 2nd quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $957,000 after purchasing an additional 1,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Thryv by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock valued at $288,000 after purchasing an additional 1,351 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Thryv by 1.2% during the third quarter. Sei Investments Co. now owns 221,548 shares of the company’s stock worth $2,672,000 after buying an additional 2,576 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. William Blair downgraded shares of Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Needham & Company LLC cut their price target on Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, Royal Bank Of Canada lowered their price objective on Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.50.

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.