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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat.com reports. Two equities research 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 1 year price target among brokers that have covered the stock in the last year is $9.50.

A number of brokerages have weighed in on THRY. Wall Street Zen downgraded shares of Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Zacks Research downgraded shares of Thryv from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Needham & Company LLC cut their price target on shares of Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Royal Bank Of Canada cut their price target on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a report on Friday, February 20th.

Thryv Stock Performance

Shares of THRY opened at $2.96 on Thursday. Thryv has a 1 year low of $1.91 and a 1 year high of $15.49. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a fifty day moving average of $3.29 and a 200-day moving average of $6.12.

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

Insider Activity

In other Thryv news, CFO Paul D. Rouse bought 14,000 shares of the stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $2.35 per share, with a total value of $32,900.00. Following the purchase, the chief financial officer directly owned 349,079 shares in the company, valued at $820,335.65. The trade was a 4.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joe Walsh purchased 15,000 shares of the stock in a transaction that occurred on 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 purchase, the chief executive officer owned 775,749 shares in the company, valued at $2,257,429.59. This represents a 1.97% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 45,000 shares of company stock worth $120,250. Corporate insiders own 9.88% of the company’s stock.

Institutional Investors Weigh In On Thryv

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in shares of Thryv by 2,516.8% during the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after buying an additional 2,995 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 3,562 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Thryv during the fourth quarter worth approximately $59,000. Quarry LP lifted its holdings in shares of Thryv by 787.2% during the third quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after buying an additional 4,495 shares during the last quarter. Finally, Quotient Wealth Partners LLC acquired a new position in shares of Thryv during the fourth quarter worth 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.