Royal Bank Of Canada Lowers Thryv (NASDAQ:THRY) Price Target to $7.00

Thryv (NASDAQ:THRY) had its price objective cut by investment analysts at Royal Bank Of Canada from $13.00 to $7.00 in a research note issued on Friday, Marketbeat Ratings reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 79.49% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Needham & Company LLC reduced their price objective on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Craig Hallum cut shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.50.

Thryv Price Performance

Thryv stock opened at $3.90 on Friday. Thryv has a 12-month low of $3.45 and a 12-month high of $20.92. The stock has a market cap of $169.96 million, a P/E ratio of 9.51 and a beta of 0.87. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $5.08 and a 200 day moving average price of $8.42.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in THRY. AQR Capital Management LLC lifted its position in shares of Thryv by 11.0% during the 1st quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock worth $895,000 after purchasing an additional 6,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Thryv by 6.4% in 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 during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Thryv by 46.4% during the first quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock worth $4,818,000 after buying an additional 119,167 shares in the last quarter. CWM LLC increased its holdings in 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 purchasing an additional 7,089 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Thryv in the 2nd quarter valued at about $502,000. Institutional investors and hedge funds 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.