Thryv (NASDAQ:THRY) Shares Up 1.7% – Still a Buy?

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

Analyst Ratings Changes

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

Thryv Stock Up 1.7%

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 cap of $185.38 million, a price-to-earnings ratio of 13.06 and a beta of 0.90. The stock’s 50 day moving average is $3.82 and its 200 day moving average is $3.87.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, April 30th. The company reported $0.10 EPS 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 analysts’ expectations of $161.69 million. Thryv had a return on equity of 6.58% and a net margin of 1.88%. Analysts forecast that Thryv Holdings, Inc. will post 0.55 EPS for the current year.

Institutional Trading of Thryv

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Paulson & CO. Inc. lifted its holdings in shares of Thryv by 94.2% in the first quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock valued at $23,136,000 after buying an additional 4,096,765 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Thryv by 27.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock worth $17,078,000 after acquiring an additional 602,127 shares during the period. Ancient Art L.P. raised its position in Thryv by 19.2% in the fourth quarter. Ancient Art L.P. now owns 1,560,908 shares of the company’s stock worth $9,443,000 after acquiring an additional 251,449 shares in the last quarter. Brooktree Capital Management lifted its holdings in 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 acquiring an additional 517,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Thryv by 35.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company’s stock valued at $6,975,000 after purchasing an additional 302,723 shares in the last quarter. Institutional investors own 96.38% of the company’s stock.

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.