B. Riley Has Lowered Expectations for Thryv (NASDAQ:THRY) Stock Price

Thryv (NASDAQ:THRY) had its price target decreased by stock analysts at B. Riley from $26.00 to $15.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 94.55% from the company’s previous close.

Several other brokerages have also issued reports on THRY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Thryv in a research note on Wednesday, October 8th. Craig Hallum lowered shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research note on Friday. Royal Bank Of Canada lowered their price objective on shares of Thryv from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Friday. Wall Street Zen upgraded shares of Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Needham & Company LLC lowered their price objective on shares of Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.40.

Thryv Stock Down 5.6%

Shares of THRY stock opened at $7.71 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.20 and a debt-to-equity ratio of 1.17. Thryv has a 1 year low of $7.55 and a 1 year high of $20.92. The firm’s fifty day moving average price is $11.96 and its two-hundred day moving average price is $12.63. The firm has a market capitalization of $338.78 million, a P/E ratio of 18.81 and a beta of 0.92.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) 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 business had revenue of $201.56 million during the quarter, compared to analyst estimates of $200.81 million. During the same quarter in the previous year, the firm posted ($2.65) earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Thryv will post -2.24 EPS for the current fiscal year.

Institutional Trading of Thryv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stoneridge Investment Partners LLC bought a new stake in shares of Thryv during the 3rd quarter worth about $369,000. SG Americas Securities LLC bought a new stake in Thryv in the 3rd quarter valued at about $137,000. Allspring Global Investments Holdings LLC boosted its holdings in Thryv by 1.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,127,581 shares of the company’s stock valued at $13,193,000 after purchasing an additional 15,689 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Thryv by 18.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 22,715 shares of the company’s stock valued at $274,000 after purchasing an additional 3,477 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in Thryv by 9.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 140,213 shares of the company’s stock valued at $1,705,000 after purchasing an additional 12,339 shares during the period. Institutional investors own 96.38% of the company’s stock.

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.