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

Thryv Holdings, Inc. (NASDAQ:THRY) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.50.

A number of research firms recently issued reports on THRY. Needham & Company LLC decreased their price target on shares of Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Royal Bank Of Canada dropped their price objective 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, February 20th. Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

Insider Buying and Selling

In related news, CEO Joe Walsh acquired 15,000 shares of the stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $2.91 per share, with a total value of $43,650.00. Following the purchase, the chief executive officer directly owned 775,749 shares of the company’s stock, valued at approximately $2,257,429.59. This trade represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paul D. Rouse bought 14,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $2.35 per share, with a total value of $32,900.00. Following the acquisition, the chief financial officer owned 349,079 shares in the company, valued at approximately $820,335.65. This trade represents a 4.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 38,000 shares of company stock worth $101,930. Company insiders own 9.88% of the company’s stock.

Institutional Investors Weigh In On Thryv

Several institutional investors have recently made changes to their positions in THRY. Ancient Art L.P. lifted its holdings 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 worth $15,792,000 after acquiring an additional 1,079,016 shares during the last quarter. American Century Companies Inc. grew its holdings in Thryv by 1,010.8% during the 2nd quarter. American Century Companies Inc. now owns 864,246 shares of the company’s stock valued at $10,509,000 after purchasing an additional 786,445 shares during the last quarter. Millennium Management LLC raised its position in Thryv by 2,101.2% in the 4th quarter. Millennium Management LLC now owns 740,909 shares of the company’s stock worth $4,482,000 after purchasing an additional 707,250 shares during the period. Massachusetts Financial Services Co. MA raised its position in Thryv by 27.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock worth $17,078,000 after purchasing an additional 602,127 shares during the period. Finally, Jane Street Group LLC lifted its stake in Thryv by 842.1% in the fourth quarter. Jane Street Group LLC now owns 653,650 shares of the company’s stock worth $3,955,000 after purchasing an additional 584,269 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

Thryv Price Performance

Shares of THRY stock opened at $2.94 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. Thryv has a 12-month low of $1.91 and a 12-month high of $15.74. The stock’s 50-day moving average price is $4.21 and its 200-day moving average price is $7.36.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.62). Thryv had a net margin of 0.04% and a return on equity of 0.14%. The business had revenue of $191.62 million during the quarter, compared to analysts’ expectations of $191.25 million. Analysts expect that Thryv will post -2.24 earnings per share for the current year.

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.