Royal Bank Of Canada Issues Pessimistic Forecast for Thryv (NASDAQ:THRY) Stock Price

Thryv (NASDAQ:THRY) had its price objective reduced by stock analysts at Royal Bank Of Canada from $16.00 to $13.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 68.61% from the stock’s previous close.

Several other brokerages have also recently commented on THRY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Thryv in a research report on Wednesday, October 8th. Wall Street Zen raised Thryv from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Needham & Company LLC decreased their target price on Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday. William Blair reaffirmed an “outperform” rating on shares of Thryv in a research report on Friday, October 17th. Finally, Craig Hallum cut Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research report on Friday. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.40.

Thryv Stock Performance

THRY opened at $7.71 on Friday. The firm has a market cap of $338.78 million, a PE ratio of 18.81 and a beta of 0.92. The company has a quick ratio of 1.20, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. The business has a fifty day simple moving average of $11.96 and a 200-day simple moving average of $12.63. Thryv has a fifty-two week low of $7.55 and a fifty-two week high of $20.92.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, October 30th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.30). The business had revenue of $201.56 million during the quarter, compared to analyst estimates of $200.81 million. Thryv had a return on equity of 8.64% and a net margin of 2.29%.The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned ($2.65) EPS. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, 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 company. Stoneridge Investment Partners LLC purchased a new stake in shares of Thryv during the third quarter worth $369,000. SG Americas Securities LLC purchased a new stake in shares of Thryv during the third quarter worth $137,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Thryv by 1.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,127,581 shares of the company’s stock worth $13,193,000 after acquiring an additional 15,689 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Thryv by 18.1% during the third quarter. Exchange Traded Concepts LLC now owns 22,715 shares of the company’s stock worth $274,000 after acquiring an additional 3,477 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Thryv by 9.6% during the second quarter. Public Sector Pension Investment Board now owns 140,213 shares of the company’s stock valued at $1,705,000 after buying an additional 12,339 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.