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

Thryv Holdings, Inc. (NASDAQ:THRY) has been assigned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.00.

THRY has been the subject of several research analyst reports. Craig Hallum downgraded shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research report on Friday, October 31st. Royal Bank Of Canada cut their price objective on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. William Blair cut Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. B. Riley lowered their price target on Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th.

Thryv Trading Up 2.5%

Shares of THRY stock opened at $5.81 on Tuesday. Thryv has a 1-year low of $5.25 and a 1-year high of $20.92. The company has a market cap of $253.20 million, a price-to-earnings ratio of 14.17 and a beta of 0.78. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $6.31 and a 200-day simple moving average of $10.26.

Thryv (NASDAQ:THRY) last issued 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 company had revenue of $201.56 million during 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 was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.65) EPS. On average, equities research analysts expect that Thryv will post -2.24 EPS for the current fiscal year.

Insider Activity

In other Thryv news, CEO Joe Walsh bought 25,000 shares of Thryv stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $6.51 per share, for a total transaction of $162,750.00. Following the completion of the transaction, the chief executive officer directly owned 610,232 shares of the company’s stock, valued at approximately $3,972,610.32. This represents a 4.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.88% of the stock is owned by insiders.

Institutional Trading of Thryv

Large investors have recently bought and sold shares of the business. Bullseye Asset Management LLC raised its holdings in Thryv by 0.9% in the 2nd quarter. Bullseye Asset Management LLC now owns 115,984 shares of the company’s stock valued at $1,410,000 after acquiring an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Thryv by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,887 shares of the company’s stock valued at $169,000 after purchasing an additional 1,023 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Thryv by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 47,793 shares of the company’s stock valued at $581,000 after purchasing an additional 1,176 shares during the last quarter. Swiss National Bank lifted its position in Thryv by 1.7% during the second quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $957,000 after buying an additional 1,300 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Thryv by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock worth $288,000 after buying an additional 1,351 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

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.