Thryv Holdings, Inc. (NASDAQ:THRY) Receives Consensus Rating of “Hold” from Analysts

Thryv Holdings, Inc. (NASDAQ:THRY) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.00.

THRY has been the subject of several recent research reports. William Blair cut Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a research report on Monday, December 22nd. B. Riley cut their price objective on shares of Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Zacks Research downgraded shares of Thryv from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th.

Thryv Trading Up 0.5%

THRY stock opened at $6.13 on Tuesday. Thryv has a 52 week low of $5.25 and a 52 week high of $20.92. The company has a market capitalization of $267.15 million, a PE ratio of 14.95 and a beta of 0.88. The company’s 50-day simple moving average is $6.94 and its 200 day simple moving average is $10.50. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.30). Thryv had a return on equity of 8.64% and a net margin of 2.29%.The business had revenue of $201.56 million during the quarter, compared to analyst estimates of $200.81 million. During the same quarter last year, the firm earned ($2.65) EPS. Thryv’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thryv will post -2.24 earnings per share for the current year.

Insider Activity

In other news, CEO Joe Walsh acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $6.51 per share, with a total value of $162,750.00. Following the completion of the purchase, the chief executive officer directly owned 610,232 shares of the company’s stock, valued at $3,972,610.32. The trade was a 4.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.88% of the company’s stock.

Institutional Investors Weigh In On Thryv

A number of large investors have recently modified their holdings of the business. Ancient Art L.P. raised its holdings in shares of Thryv by 468.2% during the 3rd quarter. Ancient Art L.P. now owns 1,309,459 shares of the company’s stock worth $15,792,000 after buying an additional 1,079,016 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Thryv by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,127,581 shares of the company’s stock valued at $13,193,000 after acquiring an additional 15,689 shares during the last quarter. CenterBook Partners LP raised its stake in Thryv by 1.4% during the third quarter. CenterBook Partners LP now owns 871,991 shares of the company’s stock worth $10,516,000 after acquiring an additional 12,037 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Thryv by 1,010.8% in the second quarter. American Century Companies Inc. now owns 864,246 shares of the company’s stock worth $10,509,000 after acquiring an additional 786,445 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Thryv by 44.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 846,596 shares of the company’s stock valued at $10,210,000 after purchasing an additional 261,280 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.