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

Thryv Holdings, Inc. (NASDAQ:THRY) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One 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 1-year price target among analysts that have updated their coverage on the stock in the last year is $13.00.

A number of analysts recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of 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 reissued a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. William Blair lowered shares of Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Wall Street Zen raised shares of Thryv from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th.

Insider Activity

In related news, CEO Joe Walsh bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $6.51 per share, for a total transaction of $162,750.00. Following the acquisition, the chief executive officer owned 610,232 shares in the company, valued at $3,972,610.32. This represents a 4.27% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 9.88% of the company’s stock.

Institutional Trading of Thryv

Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of Thryv by 2,516.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after acquiring an additional 2,995 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Thryv by 526.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after purchasing an additional 3,562 shares during the last quarter. Quarry LP boosted 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 purchasing an additional 4,495 shares during the period. Quotient Wealth Partners LLC acquired a new position in shares of Thryv in the 4th quarter valued at $63,000. Finally, BNP Paribas Financial Markets increased its stake in 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 purchasing an additional 2,764 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Price Performance

Shares of Thryv stock opened at $5.01 on Friday. The business’s fifty day moving average price is $5.74 and its 200 day moving average price is $9.61. Thryv has a twelve month low of $4.94 and a twelve 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 stock has a market capitalization of $218.34 million, a P/E ratio of 12.22 and a beta of 0.78.

Thryv (NASDAQ:THRY) last announced 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). The firm 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 revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($2.65) earnings per share. As a group, research analysts anticipate that Thryv will post -2.24 earnings per share for the current year.

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.