Analysts Set Thryv Holdings, Inc. (NASDAQ:THRY) Target Price at $9.50

Thryv Holdings, Inc. (NASDAQ:THRY) has earned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9.50.

A number of research firms recently commented on THRY. Wall Street Zen cut shares of Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a research note on Monday, December 29th. Royal Bank Of Canada dropped their target price on Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research report on Friday, February 20th. Needham & Company LLC cut their target price on Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th.

Thryv Stock Performance

NASDAQ:THRY opened at $2.70 on Friday. The stock’s fifty day moving average is $4.08 and its 200 day moving average is $7.17. Thryv has a fifty-two week low of $1.91 and a fifty-two week high of $15.74. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.62). Thryv had a return on equity of 0.14% and a net margin of 0.04%.The firm had revenue of $191.62 million for the quarter, compared to analysts’ expectations of $191.25 million. As a group, equities research analysts forecast that Thryv will post -2.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh bought 15,000 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $2.91 per share, with a total value of $43,650.00. Following the completion of the purchase, the chief executive officer owned 775,749 shares of the company’s stock, valued at $2,257,429.59. This trade represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul D. Rouse purchased 14,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $2.35 per share, for a total transaction of $32,900.00. Following the completion of the acquisition, the chief financial officer owned 349,079 shares of the company’s stock, valued at approximately $820,335.65. The trade was a 4.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 38,000 shares of company stock worth $101,930 in the last ninety days. 9.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Thryv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in Thryv by 2,516.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after acquiring an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Thryv by 526.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after acquiring an additional 3,562 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Thryv during the fourth quarter valued at approximately $59,000. Quarry LP boosted its holdings in shares of Thryv by 787.2% in the third quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after purchasing an additional 4,495 shares during the period. Finally, Quotient Wealth Partners LLC purchased a new stake in shares of Thryv in the fourth quarter valued at approximately $63,000. Institutional investors own 96.38% of the company’s stock.

Thryv Company Profile

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.