Thryv Target of Unusually Large Options Trading (NASDAQ:THRY)

Thryv Holdings, Inc. (NASDAQ:THRY) was the target of unusually large options trading activity on Friday. Traders acquired 5,119 call options on the company. This is an increase of approximately 1,053% compared to the typical daily volume of 444 call options.

Thryv Price Performance

Shares of THRY opened at $3.90 on Friday. Thryv has a fifty-two week low of $3.45 and a fifty-two week high of $20.92. The firm’s 50-day simple moving average is $5.08 and its two-hundred day simple moving average is $8.46. The stock has a market cap of $169.96 million, a PE ratio of 9.51 and a beta of 0.87. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15.

Institutional Investors Weigh In On Thryv

Several hedge funds have recently added to or reduced their stakes in THRY. Paulson & CO. Inc. increased its holdings in shares of Thryv by 1.6% during the fourth quarter. Paulson & CO. Inc. now owns 4,347,070 shares of the company’s stock valued at $26,300,000 after acquiring an additional 67,070 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Thryv by 27.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock valued at $17,078,000 after purchasing an additional 602,127 shares during the last quarter. Ancient Art L.P. grew its position in Thryv by 19.2% during the 4th quarter. Ancient Art L.P. now owns 1,560,908 shares of the company’s stock valued at $9,443,000 after purchasing an additional 251,449 shares during the last quarter. Brooktree Capital Management increased its stake in Thryv by 61.5% during the 4th quarter. Brooktree Capital Management now owns 1,358,938 shares of the company’s stock valued at $8,222,000 after purchasing an additional 517,597 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Thryv by 35.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company’s stock worth $6,975,000 after buying an additional 302,723 shares during the last quarter. 96.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

THRY has been the subject of several research analyst reports. Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Needham & Company LLC reduced their target price on shares of Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. William Blair downgraded Thryv from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Craig Hallum lowered shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $11.50.

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.