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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been given an average rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.50.

A number of analysts have weighed in on THRY shares. Weiss Ratings upgraded Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th.

Hedge Funds Weigh In On Thryv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in Thryv by 11.0% during the first quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock worth $895,000 after purchasing an additional 6,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 buying an additional 1,351 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Thryv by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock valued at $4,818,000 after buying an additional 119,167 shares during the last quarter. Creative Planning purchased a new position in shares of Thryv in the 2nd quarter valued at $271,000. Finally, Rhumbline Advisers grew its position in shares of Thryv by 6.6% in the 2nd quarter. Rhumbline Advisers now owns 109,034 shares of the company’s stock valued at $1,326,000 after buying an additional 6,773 shares during the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Price Performance

Shares of THRY opened at $3.82 on Friday. The firm has a market capitalization of $169.42 million, a price-to-earnings ratio of 11.94 and a beta of 0.90. The firm’s fifty day simple moving average is $3.88 and its 200-day simple moving average is $3.77. Thryv has a twelve month low of $1.91 and a twelve month high of $14.28. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03.

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