Thryv Holdings, Inc. (NASDAQ:THRY) Stock Has Consensus Price Target of $8.50

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 firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.25.

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Thryv from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings lowered shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. Royal Bank Of Canada reduced their price objective on Thryv from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Thryv in a report on Tuesday, August 4th.

Thryv Trading Up 4.9%

Shares of THRY opened at $1.28 on Monday. The firm has a market cap of $56.88 million, a price-to-earnings ratio of -3.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.00. Thryv has a fifty-two week low of $1.11 and a fifty-two week high of $12.08. The firm has a 50 day moving average price of $1.66 and a 200-day moving average price of $3.12.

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

Insiders Place Their Bets

In related news, CEO Joe Walsh purchased 25,000 shares of Thryv stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average cost of $1.80 per share, for a total transaction of $45,000.00. Following the transaction, the chief executive officer directly owned 788,099 shares in the company, valued at $1,418,578.20. The trade was a 3.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Thryv

A number of large investors have recently bought and sold shares of the stock. Paulson & CO. Inc. increased its position in shares of Thryv by 94.2% during 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. Luxor Capital Group LP raised its stake in Thryv by 36.5% in the first quarter. Luxor Capital Group LP now owns 1,131,235 shares of the company’s stock worth $3,100,000 after buying an additional 302,300 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Thryv in the second quarter worth about $512,000. Hsbc Holdings PLC lifted its holdings in Thryv by 307.8% in the fourth quarter. Hsbc Holdings PLC now owns 114,325 shares of the company’s stock worth $693,000 after buying an additional 86,289 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Thryv in the first quarter worth about $189,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Company Profile

Thryv Holdings, Inc (NASDAQ:THRY) provides software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer relationships, appointments, communications, estimates, invoices, payments and online reviews through a centralized business-management system.

The company also offers tools for digital marketing and customer acquisition, including website and social media management, online presence services, lead generation, automated communications and reputation management.