Thryv (NASDAQ:THRY) Downgraded by Wall Street Zen to “Hold”

Thryv (NASDAQ:THRY) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts have also recently commented on THRY. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Royal Bank Of Canada lowered their price target on shares of Thryv from $16.00 to $13.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Craig Hallum lowered shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a report on Friday, October 31st. William Blair cut Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Thryv Stock Performance

NASDAQ THRY opened at $3.62 on Friday. The company’s fifty day moving average is $5.30 and its two-hundred day moving average is $8.77. Thryv has a 52-week low of $3.51 and a 52-week high of $20.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $157.76 million, a price-to-earnings ratio of 8.83 and a beta of 0.87.

Hedge Funds Weigh In On Thryv

A number of large investors have recently added to or reduced their stakes in THRY. Bullseye Asset Management LLC raised its holdings in shares of Thryv by 0.9% in the second quarter. Bullseye Asset Management LLC now owns 115,984 shares of the company’s stock valued at $1,410,000 after purchasing an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Thryv by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,887 shares of the company’s stock worth $169,000 after buying an additional 1,023 shares during the last quarter. Swiss National Bank increased its position in shares of Thryv by 1.7% during the 2nd quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $957,000 after purchasing an additional 1,300 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Thryv by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock worth $288,000 after purchasing an additional 1,351 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Thryv by 1.2% during the 3rd quarter. Sei Investments Co. now owns 221,548 shares of the company’s stock worth $2,672,000 after purchasing an additional 2,576 shares in the last quarter. Institutional investors own 96.38% of the company’s stock.

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.