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

Thryv Holdings, Inc. (NASDAQ:THRY) has received a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.00.

A number of equities research analysts recently weighed in on the stock. Craig Hallum lowered shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a report on Friday, October 31st. Needham & Company LLC dropped their target price on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a research report on Monday. Zacks Research cut Thryv from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd.

Insider Transactions at Thryv

In other news, CEO Joe Walsh acquired 25,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $6.51 per share, for a total transaction of $162,750.00. Following the purchase, the chief executive officer owned 610,232 shares in the company, valued at approximately $3,972,610.32. This represents a 4.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 9.88% of the company’s stock.

Hedge Funds Weigh In On Thryv

Several institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its position in Thryv by 2,516.8% in the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after purchasing an additional 2,995 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Thryv by 526.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after purchasing an additional 3,562 shares during the period. Quarry LP raised its stake in shares of Thryv by 787.2% during the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after purchasing an additional 4,495 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Thryv by 98.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock worth $68,000 after buying an additional 2,764 shares during the last quarter. Finally, State of Wyoming bought a new position in Thryv during the third quarter valued at about $82,000. 96.38% of the stock is owned by institutional investors.

Thryv Stock Performance

NASDAQ THRY opened at $5.75 on Friday. The company has a fifty day simple moving average of $8.81 and a 200 day simple moving average of $11.43. Thryv has a 12-month low of $5.25 and a 12-month high of $20.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.17. The company has a market cap of $250.59 million, a P/E ratio of 14.02 and a beta of 0.88.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.30). The business had revenue of $201.56 million for the quarter, compared to analyst estimates of $200.81 million. Thryv had a return on equity of 8.64% and a net margin of 2.29%.The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($2.65) EPS. Sell-side analysts predict that Thryv will post -2.24 earnings per share for the current fiscal year.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.