Thryv (NASDAQ:THRY) Rating Increased to Hold at Zacks Research

Thryv (NASDAQ:THRY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, MarketBeat reports.

THRY has been the subject of several other research reports. Needham & Company LLC lowered their target price on shares of Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, October 30th. William Blair downgraded shares of Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. B. Riley cut their target price on Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Wall Street Zen cut Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Craig Hallum cut 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. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.00.

Thryv Trading Down 0.5%

NASDAQ:THRY opened at $6.10 on Monday. Thryv has a 1 year low of $5.25 and a 1 year high of $20.92. The stock has a market cap of $265.82 million, a P/E ratio of 14.88 and a beta of 0.88. 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 stock has a 50-day simple moving average of $6.82 and a 200-day simple moving average of $10.45.

Thryv (NASDAQ:THRY) last posted its earnings results 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 analysts’ expectations of $200.81 million. Thryv had a return on equity of 8.64% and a net margin of 2.29%.Thryv’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.65) EPS. As a group, analysts anticipate that Thryv will post -2.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh purchased 25,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, the chief executive officer directly owned 610,232 shares in the company, valued at $3,972,610.32. The trade was a 4.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.88% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Thryv

A number of institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position 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 period. Tower Research Capital LLC TRC raised its position in Thryv by 526.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after acquiring an additional 3,562 shares in the last quarter. Quarry LP lifted its holdings in Thryv by 787.2% in the third quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after acquiring an additional 4,495 shares during the period. BNP Paribas Financial Markets grew its stake in shares of 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 period. Finally, State of Wyoming purchased a new position in shares of Thryv in the 3rd quarter valued at about $82,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Company Profile

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.