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

Thryv Holdings, Inc. (NASDAQ:THRY) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.50.

A number of equities research analysts have recently commented on THRY shares. Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a research note 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

Thryv stock opened at $3.82 on Friday. The stock’s 50 day moving average is $3.86 and its 200 day moving average is $3.78. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $169.42 million, a P/E ratio of 11.94 and a beta of 0.90. Thryv has a one year low of $1.91 and a one year high of $14.28.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, April 30th. The company reported $0.10 earnings per share 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 the consensus estimate of $161.69 million. As a group, research analysts expect that Thryv will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of THRY. Bank of America Corp DE boosted its position in shares of Thryv by 14.9% during the 1st quarter. Bank of America Corp DE now owns 105,343 shares of the company’s stock worth $289,000 after purchasing an additional 13,675 shares in the last quarter. Amundi grew its stake in shares of Thryv by 54.9% in the 1st quarter. Amundi now owns 30,644 shares of the company’s stock valued at $84,000 after buying an additional 10,860 shares during the period. Empowered Funds LLC increased its position in Thryv by 6.7% in the 1st quarter. Empowered Funds LLC now owns 159,493 shares of the company’s stock valued at $437,000 after buying an additional 10,015 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Thryv in the 1st quarter valued at about $189,000. Finally, Paulson & CO. Inc. increased its position in Thryv by 94.2% in the 1st quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock valued at $23,136,000 after buying an additional 4,096,765 shares in the last quarter. 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.