Thryv Holdings, Inc. (NASDAQ:THRY) Given Average Recommendation of “Hold” by Analysts

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.00.

THRY has been the topic of several analyst reports. Wall Street Zen upgraded Thryv from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Craig Hallum downgraded shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a research note on Monday. William Blair lowered shares of Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, B. Riley decreased their price target on Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 31st.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh bought 25,000 shares of the stock in a transaction 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 acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 9.88% of the company’s stock.

Institutional Trading of Thryv

Hedge funds have recently modified their holdings of the stock. Blair William & Co. IL boosted its stake in Thryv by 5.0% during the first quarter. Blair William & Co. IL now owns 409,938 shares of the company’s stock worth $5,251,000 after acquiring an additional 19,392 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Thryv by 2.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 594,512 shares of the company’s stock valued at $7,616,000 after purchasing an additional 13,824 shares during the period. Deutsche Bank AG raised its holdings in shares of Thryv by 0.6% during the first quarter. Deutsche Bank AG now owns 416,293 shares of the company’s stock valued at $5,333,000 after purchasing an additional 2,480 shares during the period. CenterBook Partners LP bought a new position in shares of Thryv during the 1st quarter worth about $5,696,000. Finally, Wittenberg Investment Management Inc. grew its stake in shares of Thryv by 32.8% in the 1st quarter. Wittenberg Investment Management Inc. now owns 80,934 shares of the company’s stock valued at $1,037,000 after buying an additional 20,000 shares during the period. Institutional investors own 96.38% of the company’s stock.

Thryv Stock Performance

Shares of Thryv stock opened at $5.75 on Friday. The stock has a market cap of $250.59 million, a price-to-earnings ratio of 14.02 and a beta of 0.88. Thryv has a twelve month low of $5.25 and a twelve month high of $20.92. The company’s fifty day moving average is $8.81 and its 200 day moving average is $11.43. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.17.

Thryv (NASDAQ:THRY) last announced 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 company had revenue of $201.56 million for 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 firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.65) earnings per share. Sell-side analysts forecast that Thryv will post -2.24 EPS for the current year.

About Thryv

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.