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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been assigned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.50.

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

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh bought 15,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $2.91 per share, for a total transaction of $43,650.00. Following the completion of the purchase, the chief executive officer owned 775,749 shares in the company, valued at $2,257,429.59. This represents a 1.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 22,000 shares of company stock valued at $61,970 in the last three months. Company insiders own 9.88% of the company’s stock.

Institutional Investors Weigh In On Thryv

Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in shares of Thryv by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,887 shares of the company’s stock valued at $169,000 after purchasing an additional 1,023 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Thryv by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock valued at $288,000 after purchasing an additional 1,351 shares during the period. Sei Investments Co. grew its position in shares of Thryv by 1.2% in the 3rd quarter. Sei Investments Co. now owns 221,548 shares of the company’s stock valued at $2,672,000 after purchasing an additional 2,576 shares during the period. BNP Paribas Financial Markets grew its position in shares of Thryv by 98.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock valued at $68,000 after purchasing an additional 2,764 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Thryv by 2,516.8% in the 3rd 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 during the period. Institutional investors own 96.38% of the company’s stock.

Thryv Price Performance

Shares of Thryv stock opened at $3.80 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s 50-day simple moving average is $3.37 and its 200-day simple moving average is $4.25. Thryv has a twelve month low of $1.91 and a twelve month high of $14.28. The firm has a market cap of $168.53 million, a P/E ratio of 11.88 and a beta of 0.93.

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. Thryv had a net margin of 1.88% and a return on equity of 6.58%. The business had revenue of $167.68 million for the quarter, compared to analyst estimates of $161.69 million. As a group, research analysts expect that Thryv will post 0.55 EPS for the current fiscal 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.