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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have received an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $9.50.

Several research analysts have weighed in on THRY shares. Needham & Company LLC reduced their target price on Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded Thryv from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th. Royal Bank Of Canada reduced their target price on Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a report on Friday, February 20th. Finally, Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

Thryv Price Performance

NASDAQ:THRY opened at $3.81 on Monday. The stock’s fifty day simple moving average is $3.06 and its 200-day simple moving average is $4.98. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $168.97 million, a P/E ratio of 11.91 and a beta of 0.91. Thryv has a 12-month low of $1.91 and a 12-month high of $15.49.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, April 30th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.16. The firm had revenue of $167.68 million for the quarter, compared to analyst estimates of $161.69 million. Thryv had a return on equity of 6.58% and a net margin of 1.88%. Equities research analysts expect that Thryv will post 0.55 earnings per share for the current year.

Insider Activity

In other news, CEO Joe Walsh purchased 15,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $43,650.00. Following the completion of the acquisition, the chief executive officer directly owned 775,749 shares in the company, valued at approximately $2,257,429.59. This trade represents a 1.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul D. Rouse purchased 14,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $2.35 per share, for a total transaction of $32,900.00. Following the completion of the acquisition, the chief financial officer owned 349,079 shares of the company’s stock, valued at approximately $820,335.65. This represents a 4.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 45,000 shares of company stock worth $120,250. Corporate insiders own 9.88% of the company’s stock.

Institutional Trading of Thryv

Institutional investors have recently modified their holdings of the company. DGS Capital Management LLC bought a new stake in shares of Thryv in the first quarter valued at about $31,000. Russell Investments Group Ltd. lifted its holdings in shares of Thryv by 2,516.8% in the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after purchasing an additional 2,995 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Thryv by 53.4% in the first quarter. Meeder Asset Management Inc. now owns 15,008 shares of the company’s stock valued at $41,000 after purchasing an additional 5,226 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Thryv by 526.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after purchasing an additional 3,562 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Thryv by 787.2% in the third quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after purchasing an additional 4,495 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors.

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.