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

Thryv Holdings, Inc. (NASDAQ:THRY) has received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.50.

A number of equities analysts have issued reports on THRY shares. Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, Needham & Company LLC reduced their price target on shares of Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, February 26th.

Institutional Investors Weigh In On Thryv

A number of hedge funds and other institutional investors have recently made changes to their positions in THRY. The Manufacturers Life Insurance Company boosted its stake in Thryv by 8.0% during 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Thryv by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock worth $288,000 after purchasing an additional 1,351 shares during the last quarter. Sei Investments Co. boosted its stake in Thryv by 1.2% during the 3rd quarter. Sei Investments Co. now owns 221,548 shares of the company’s stock worth $2,672,000 after purchasing an additional 2,576 shares during the last quarter. BNP Paribas Financial Markets boosted 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 purchasing an additional 2,764 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Thryv by 2,516.8% during the 3rd 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. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Stock Performance

THRY opened at $3.37 on Tuesday. Thryv has a 12-month low of $1.91 and a 12-month high of $14.28. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $149.46 million, a PE ratio of 10.53 and a beta of 0.93. The firm has a 50 day moving average of $3.59 and a two-hundred day moving average of $4.09.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. Thryv had a net margin of 1.88% and a return on equity of 6.58%. The company had revenue of $167.68 million during the quarter, compared to analyst estimates of $161.69 million. On average, analysts anticipate 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.