Thryv (NASDAQ:THRY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Thryv (NASDAQ:THRY) from a hold rating to a buy rating in a research report released on Saturday.

A number of other analysts have also commented on the company. Needham & Company LLC reduced their target price on Thryv from $28.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Royal Bank Of Canada reduced their target price on Thryv from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, May 2nd. Finally, B. Riley reduced their target price on Thryv from $30.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Thryv Stock Up 6.6%

THRY stock opened at $12.93 on Friday. Thryv has a twelve month low of $10.02 and a twelve month high of $20.92. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.24. The firm has a market cap of $568.14 million, a PE ratio of -5.46 and a beta of 0.94. The business has a 50 day moving average of $12.73 and a 200 day moving average of $14.25.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. The company had revenue of $210.47 million for the quarter, compared to the consensus estimate of $203.87 million. During the same period last year, the business earned $0.15 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. On average, research analysts forecast that Thryv will post -2.24 EPS for the current fiscal year.

Insider Activity

In other news, CEO Joe Walsh purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $13.40 per share, for a total transaction of $67,000.00. Following the purchase, the chief executive officer directly owned 586,043 shares in the company, valued at approximately $7,852,976.20. This represents a 0.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Thryv

A number of institutional investors and hedge funds have recently modified their holdings of the company. Paulson & CO. Inc. boosted its stake in shares of Thryv by 114.0% in the 4th quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock worth $63,344,000 after buying an additional 2,280,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock worth $44,155,000 after buying an additional 548,864 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Thryv during the first quarter valued at $30,209,000. Samjo Management LLC lifted its position in Thryv by 7.7% during the fourth quarter. Samjo Management LLC now owns 2,249,345 shares of the company’s stock valued at $33,290,000 after purchasing an additional 160,185 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Thryv by 0.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,111,892 shares of the company’s stock valued at $13,999,000 after purchasing an additional 2,957 shares in the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Thryv Company Profile

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.