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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $8.50.

THRY has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Needham & Company LLC reaffirmed a “buy” rating on shares of Thryv in a research report on Tuesday, August 4th. Weiss Ratings downgraded Thryv from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, August 13th. Wall Street Zen lowered Thryv from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th.

Hedge Funds Weigh In On Thryv

A number of large investors have recently made changes to their positions in THRY. Public Employees Retirement System of Ohio purchased a new stake in shares of Thryv in the second quarter worth approximately $193,000. Mcmorgan & Co. LLC purchased a new position in Thryv during the second quarter valued at approximately $82,000. Bank of New York Mellon Corp acquired a new position in Thryv in the 2nd quarter valued at approximately $512,000. Bank of America Corp DE increased its stake in Thryv by 14.9% in the 1st quarter. Bank of America Corp DE now owns 105,343 shares of the company’s stock valued at $289,000 after buying an additional 13,675 shares during the period. Finally, Amundi lifted its position in Thryv by 54.9% in the 1st quarter. Amundi now owns 30,644 shares of the company’s stock worth $84,000 after buying an additional 10,860 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Stock Down 0.8%

Shares of Thryv stock opened at $1.97 on Wednesday. Thryv has a 12-month low of $1.87 and a 12-month high of $13.90. The firm has a market capitalization of $87.55 million, a PE ratio of -5.32 and a beta of 0.90. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average is $3.58 and its 200-day moving average is $3.47.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.28). The company had revenue of $150.73 million during the quarter, compared to analysts’ expectations of $145.98 million. Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%. Equities analysts anticipate that Thryv will post -0.36 earnings per share for the current year.

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.