Thryv Holdings, Inc. (NASDAQ:THRY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.50.

A number of research firms have weighed in on THRY. Weiss Ratings lowered shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. Wall Street Zen cut Thryv from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Royal Bank Of Canada reduced their price objective on Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Thryv in a research note on Tuesday, August 4th.

Thryv Price Performance

Shares of NASDAQ THRY opened at $2.08 on Friday. The firm has a 50-day simple moving average of $3.13 and a 200-day simple moving average of $3.28. The stock has a market capitalization of $92.44 million, a price-to-earnings ratio of -5.62 and a beta of 0.84. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. Thryv has a 52 week low of $1.76 and a 52 week high of $13.30.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.28). Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%.The business had revenue of $150.73 million for the quarter, compared to analyst estimates of $145.98 million. On average, equities analysts predict that Thryv will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of THRY. Paulson & CO. Inc. boosted its position in shares of Thryv by 94.2% during the 1st quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock valued at $23,136,000 after acquiring an additional 4,096,765 shares during the last quarter. Ancient Art L.P. increased its position in 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 last quarter. Charles Schwab Investment Management Inc. increased its position in 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 last quarter. Luxor Capital Group LP raised its stake in Thryv by 36.5% during the first quarter. Luxor Capital Group LP now owns 1,131,235 shares of the company’s stock worth $3,100,000 after purchasing an additional 302,300 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Thryv by 24.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,118 shares of the company’s stock valued at $4,810,000 after purchasing an additional 153,648 shares during the last quarter. Hedge funds and other 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.