Robert W. Baird Lowers Thryv (NASDAQ:THRY) Price Target to $34.00

Thryv (NASDAQ:THRYGet Rating) had its price target reduced by Robert W. Baird from $40.00 to $34.00 in a report issued on Monday, The Fly reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 81.43% from the company’s current price.

A number of other equities analysts have also recently commented on the company. William Blair restated an “outperform” rating on shares of Thryv in a report on Thursday, November 3rd. B. Riley lowered their price objective on Thryv from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, October 24th.

Thryv Stock Performance

NASDAQ THRY opened at $18.74 on Monday. The stock has a market cap of $646.06 million, a PE ratio of 6.27 and a beta of 1.06. Thryv has a twelve month low of $17.33 and a twelve month high of $42.99. The stock has a fifty day simple moving average of $22.50 and a 200-day simple moving average of $24.07. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.03.

Institutional Investors Weigh In On Thryv

Institutional investors have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC raised its holdings in Thryv by 17.5% during the second quarter. Mutual of America Capital Management LLC now owns 2,875 shares of the company’s stock worth $64,000 after purchasing an additional 428 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Thryv by 1.7% in the 2nd quarter. Prudential Financial Inc. now owns 36,211 shares of the company’s stock valued at $810,000 after purchasing an additional 615 shares during the period. KBC Group NV grew its stake in Thryv by 56.0% during the 3rd quarter. KBC Group NV now owns 2,313 shares of the company’s stock worth $53,000 after buying an additional 830 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Thryv by 3.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 24,923 shares of the company’s stock worth $558,000 after purchasing an additional 874 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Thryv by 10.7% in the 1st quarter. New York State Teachers Retirement System now owns 10,332 shares of the company’s stock valued at $291,000 after purchasing an additional 998 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

About Thryv

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Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.

Further Reading

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