Thryv Holdings, Inc. (NASDAQ:THRY) Receives $13.00 Average PT from Analysts

Thryv Holdings, Inc. (NASDAQ:THRY) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.00.

Several equities research analysts have recently issued reports on the stock. William Blair cut shares of Thryv from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Needham & Company LLC cut their price target on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a research report on Monday, December 1st. Craig Hallum downgraded Thryv from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a report on Friday, October 31st. Finally, Wall Street Zen upgraded Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd.

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh bought 25,000 shares of the stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $6.51 per share, for a total transaction of $162,750.00. Following the acquisition, the chief executive officer owned 610,232 shares in the company, valued at approximately $3,972,610.32. This represents a 4.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.88% of the company’s stock.

Institutional Investors Weigh In On Thryv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blair William & Co. IL grew its holdings in shares of Thryv by 5.0% during the first quarter. Blair William & Co. IL now owns 409,938 shares of the company’s stock worth $5,251,000 after purchasing an additional 19,392 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Thryv by 2.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 594,512 shares of the company’s stock valued at $7,616,000 after purchasing an additional 13,824 shares during the period. Deutsche Bank AG grew its stake in Thryv by 0.6% during the 1st quarter. Deutsche Bank AG now owns 416,293 shares of the company’s stock worth $5,333,000 after buying an additional 2,480 shares during the last quarter. CenterBook Partners LP acquired a new position in Thryv during the first quarter worth approximately $5,696,000. Finally, Wittenberg Investment Management Inc. increased its position in Thryv by 32.8% during the first quarter. Wittenberg Investment Management Inc. now owns 80,934 shares of the company’s stock worth $1,037,000 after buying an additional 20,000 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Stock Performance

Shares of Thryv stock opened at $5.91 on Friday. The business has a 50-day simple moving average of $8.69 and a 200-day simple moving average of $11.34. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15. Thryv has a one year low of $5.25 and a one year high of $20.92. The company has a market cap of $257.56 million, a PE ratio of 14.41 and a beta of 0.88.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.30). Thryv had a net margin of 2.29% and a return on equity of 8.64%. The firm had revenue of $201.56 million during the quarter, compared to analyst estimates of $200.81 million. During the same period last year, the business earned ($2.65) EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Thryv will post -2.24 EPS for the current fiscal year.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.