Thryv (NASDAQ:THRY) Trading 1.7% Higher – Time to Buy?

Thryv Holdings, Inc. (NASDAQ:THRY) rose 1.7% during trading on Tuesday . The stock traded as high as $4.31 and last traded at $4.18. Approximately 293,739 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 564,635 shares. The stock had previously closed at $4.11.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on THRY. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Thryv currently has an average rating of “Hold” and a consensus price target of $9.50.

Thryv Stock Up 2.4%

The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $186.27 million, a price-to-earnings ratio of 13.13 and a beta of 0.90. The firm has a 50 day simple moving average of $3.83 and a two-hundred day simple moving average of $3.86.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. The company had revenue of $167.68 million during the quarter, compared to analysts’ expectations of $161.69 million. Thryv had a return on equity of 6.58% and a net margin of 1.88%. As a group, sell-side analysts expect that Thryv Holdings, Inc. will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Thryv

Several hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Thryv by 27.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock valued at $17,078,000 after buying an additional 602,127 shares during the period. Brooktree Capital Management increased its position in shares of Thryv by 61.5% in the 4th quarter. Brooktree Capital Management now owns 1,358,938 shares of the company’s stock valued at $8,222,000 after buying an additional 517,597 shares in the last quarter. Wittenberg Investment Management Inc. raised its stake in Thryv by 331.1% during the 4th quarter. Wittenberg Investment Management Inc. now owns 395,234 shares of the company’s stock worth $2,391,000 after buying an additional 303,550 shares during the period. Ancient Art L.P. raised its stake in Thryv by 19.2% during the 4th quarter. Ancient Art L.P. now owns 1,560,908 shares of the company’s stock worth $9,443,000 after buying an additional 251,449 shares during the period. Finally, AXQ Capital LP bought a new position in Thryv during the fourth quarter worth about $157,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.