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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have received an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $13.00.

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Needham & Company LLC cut their price objective on shares of Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. William Blair downgraded shares of Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Wall Street Zen upgraded shares of Thryv from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, B. Riley lowered their target price on shares of Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st.

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $6.51 per share, for a total transaction of $162,750.00. Following the completion of the purchase, the chief executive officer owned 610,232 shares of the company’s stock, valued at $3,972,610.32. This trade represents a 4.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Thryv

Hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its stake in shares of Thryv by 567.6% during the 2nd quarter. CWM LLC now owns 8,338 shares of the company’s stock valued at $101,000 after acquiring an additional 7,089 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Thryv in the second quarter valued at approximately $128,000. CenterBook Partners LP increased its position in Thryv by 93.4% during the second quarter. CenterBook Partners LP now owns 859,954 shares of the company’s stock worth $10,457,000 after purchasing an additional 415,282 shares during the last quarter. Peregrine Capital Management LLC increased its position in Thryv by 11.6% during the second quarter. Peregrine Capital Management LLC now owns 419,111 shares of the company’s stock worth $5,096,000 after purchasing an additional 43,598 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Thryv by 108.4% during the second quarter. First Eagle Investment Management LLC now owns 585,316 shares of the company’s stock worth $7,117,000 after purchasing an additional 304,500 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Performance

Thryv stock opened at $5.01 on Friday. Thryv has a fifty-two week low of $4.94 and a fifty-two week high of $20.92. The company has a market capitalization of $218.34 million, a price-to-earnings ratio of 12.22 and a beta of 0.78. The stock has a fifty day moving average of $5.74 and a two-hundred day moving average of $9.61. 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 posted its quarterly earnings data on Thursday, October 30th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.30). Thryv had a net margin of 2.29% and a return on equity of 8.64%. The company had revenue of $201.56 million for the quarter, compared to analyst estimates of $200.81 million. During the same period in the previous year, the business earned ($2.65) EPS. The firm’s revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that Thryv will post -2.24 EPS for the current fiscal year.

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.