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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $11.50.

Several research analysts have recently weighed in on THRY shares. Craig Hallum cut shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Friday, October 31st. Royal Bank Of Canada decreased their target price on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday. Needham & Company LLC dropped their price target on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. B. Riley Financial cut their price objective on Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th.

Thryv Price Performance

NASDAQ THRY opened at $3.90 on Wednesday. Thryv has a one year low of $3.45 and a one year high of $20.92. The stock has a 50-day moving average of $5.08 and a 200 day moving average of $8.39. 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 company has a market capitalization of $169.96 million, a price-to-earnings ratio of 9.51 and a beta of 0.87.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV purchased a new position in shares of Thryv during the 4th quarter worth $79,000. Mackenzie Financial Corp purchased a new stake in Thryv in the fourth quarter worth about $106,000. Empowered Funds LLC purchased a new stake in Thryv in the fourth quarter worth about $904,000. XTX Topco Ltd raised its stake in shares of Thryv by 307.2% in the fourth quarter. XTX Topco Ltd now owns 108,204 shares of the company’s stock worth $655,000 after buying an additional 81,630 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Thryv during the 4th quarter valued at about $1,476,000. 96.38% of the stock is currently owned by institutional investors.

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.