Thryv Holdings, Inc. (NASDAQ:THRY) Receives $9.50 Average Target Price from Analysts

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $9.50.

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Thryv from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th.

Thryv Price Performance

Shares of THRY opened at $3.86 on Friday. The business’s fifty day moving average is $3.85 and its 200 day moving average is $3.81. Thryv has a 12-month low of $1.91 and a 12-month high of $14.28. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. The stock has a market cap of $171.19 million, a P/E ratio of 12.06 and a beta of 0.90.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. Thryv had a net margin of 1.88% and a return on equity of 6.58%. The business had revenue of $167.68 million during the quarter, compared to analyst estimates of $161.69 million. Sell-side analysts anticipate that Thryv will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Thryv

Several institutional investors and hedge funds have recently modified their holdings of THRY. AQR Capital Management LLC boosted its position in shares of Thryv by 11.0% during the first quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock valued at $895,000 after buying an additional 6,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Thryv by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock worth $288,000 after buying an additional 1,351 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Thryv by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock valued at $4,818,000 after buying an additional 119,167 shares during the last quarter. Creative Planning purchased a new stake in Thryv in the 2nd quarter valued at $271,000. Finally, Rhumbline Advisers lifted its stake in Thryv by 6.6% during the 2nd quarter. Rhumbline Advisers now owns 109,034 shares of the company’s stock valued at $1,326,000 after acquiring an additional 6,773 shares in the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.