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

Thryv Holdings, Inc. (NASDAQ:THRY) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One research 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 brokerages that have issued a report on the stock in the last year is $9.50.

THRY has been the topic of a number of research analyst reports. Weiss Ratings upgraded Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th.

Institutional Investors Weigh In On Thryv

A number of institutional investors and hedge funds have recently modified their holdings of the company. Paulson & CO. Inc. lifted its holdings 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 worth $23,136,000 after purchasing an additional 4,096,765 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 purchasing an additional 602,127 shares during the period. Ancient Art L.P. lifted its holdings in shares of Thryv by 19.2% during the fourth quarter. Ancient Art L.P. now owns 1,560,908 shares of the company’s stock worth $9,443,000 after purchasing an additional 251,449 shares during the period. Brooktree Capital Management lifted its holdings in shares of Thryv by 61.5% during the fourth quarter. Brooktree Capital Management now owns 1,358,938 shares of the company’s stock worth $8,222,000 after purchasing an additional 517,597 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Thryv by 35.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company’s stock worth $6,975,000 after purchasing an additional 302,723 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Price Performance

Shares of THRY stock opened at $4.15 on Tuesday. Thryv has a fifty-two week low of $1.91 and a fifty-two week high of $14.28. The firm has a market capitalization of $184.05 million, a price-to-earnings ratio of 12.97 and a beta of 0.93. 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 stock’s 50-day simple moving average is $3.67 and its 200-day simple moving average is $4.02.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. Thryv had a return on equity of 6.58% and a net margin of 1.88%.The business had revenue of $167.68 million for the quarter, compared to analyst estimates of $161.69 million. As a group, equities analysts forecast that Thryv will post 0.55 earnings per share 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.