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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $9.50.

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings upgraded Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Royal Bank Of Canada lowered their target price on Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Needham & Company LLC lowered their target price on Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th.

Insider Buying and Selling

In other Thryv news, CEO Joe Walsh bought 15,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $2.91 per share, with a total value of $43,650.00. Following the transaction, the chief executive officer directly owned 775,749 shares in the company, valued at approximately $2,257,429.59. This trade represents a 1.97% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Paul D. Rouse bought 14,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of $2.35 per share, for a total transaction of $32,900.00. Following the completion of the transaction, the chief financial officer owned 349,079 shares in the company, valued at $820,335.65. This represents a 4.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 45,000 shares of company stock worth $120,250. 9.88% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Thryv

Institutional investors have recently made changes to their positions in the business. Ancient Art L.P. raised its position in shares of Thryv by 468.2% in the 3rd quarter. Ancient Art L.P. now owns 1,309,459 shares of the company’s stock valued at $15,792,000 after purchasing an additional 1,079,016 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Thryv by 27.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock valued at $17,078,000 after purchasing an additional 602,127 shares in the last quarter. Roubaix Capital LLC acquired a new position in shares of Thryv in the 3rd quarter valued at approximately $3,394,000. Brooktree Capital Management lifted its holdings in Thryv by 61.5% during the 4th quarter. Brooktree Capital Management now owns 1,358,938 shares of the company’s stock worth $8,222,000 after buying an additional 517,597 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Thryv by 44.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 846,596 shares of the company’s stock worth $10,210,000 after buying an additional 261,280 shares during the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Price Performance

Thryv stock opened at $3.91 on Friday. Thryv has a 52-week low of $1.91 and a 52-week high of $14.28. The firm has a fifty day moving average of $3.26 and a 200-day moving average of $4.33. The firm has a market capitalization of $173.41 million, a P/E ratio of 12.22 and a beta of 0.91. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. The company had revenue of $167.68 million for the quarter, compared to analyst estimates of $161.69 million. Thryv had a net margin of 1.88% and a return on equity of 6.58%. As a group, analysts predict that Thryv will post 0.55 EPS 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.