Thryv (NASDAQ:THRY) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Thryv (NASDAQ:THRY) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other equities research analysts also recently commented on THRY. Zacks Research downgraded Thryv from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. William Blair downgraded Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Needham & Company LLC reduced their price objective on shares of Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a research note on Monday, December 15th. Finally, B. Riley decreased their target price on shares of Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Thryv presently has a consensus rating of “Hold” and an average price target of $13.00.

Thryv Trading Up 1.8%

Thryv stock opened at $6.11 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $266.27 million, a price-to-earnings ratio of 14.90 and a beta of 0.88. Thryv has a 1 year low of $5.25 and a 1 year high of $20.92. The firm’s 50 day moving average price is $7.56 and its two-hundred day moving average price is $10.84.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.30). The company had revenue of $201.56 million for the quarter, compared to analyst estimates of $200.81 million. Thryv had a net margin of 2.29% and a return on equity of 8.64%. Thryv’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted ($2.65) EPS. On average, research analysts predict that Thryv will post -2.24 EPS for the current fiscal year.

Insider Activity

In related news, CEO Joe Walsh purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $6.51 per share, for a total transaction of $162,750.00. Following the completion of the acquisition, the chief executive officer owned 610,232 shares in the company, valued at $3,972,610.32. This trade represents a 4.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.88% of the stock is owned by company insiders.

Institutional Investors Weigh In On Thryv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in shares of Thryv by 2,516.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after buying an additional 2,995 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Thryv by 526.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after acquiring an additional 3,562 shares in the last quarter. Quarry LP boosted its position in Thryv by 787.2% during the third quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after purchasing an additional 4,495 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Thryv by 98.5% during the second quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock valued at $68,000 after purchasing an additional 2,764 shares during the last quarter. Finally, State of Wyoming purchased a new position in Thryv in the third quarter valued at about $82,000. 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.