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

Thryv Holdings, Inc. (NASDAQ:THRY) has received an average rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $8.50.

THRY has been the topic of a number of research reports. Wall Street Zen cut shares of Thryv from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Thryv in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada lowered their price target on shares of Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th.

Institutional Investors Weigh In On Thryv

A number of institutional investors and hedge funds have recently bought and sold shares of THRY. AQR Capital Management LLC increased its position in Thryv by 11.0% during the first quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock worth $895,000 after buying an additional 6,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Thryv by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock valued at $288,000 after acquiring an additional 1,351 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 valued at $4,818,000 after acquiring an additional 119,167 shares during the last quarter. Creative Planning acquired a new stake in shares of Thryv during the second quarter valued at $271,000. Finally, Rhumbline Advisers increased its position in Thryv by 6.6% during the 2nd quarter. Rhumbline Advisers now owns 109,034 shares of the company’s stock worth $1,326,000 after purchasing an additional 6,773 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Stock Performance

Shares of THRY stock opened at $1.79 on Friday. The stock has a fifty day moving average price of $2.90 and a 200 day moving average price of $3.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $79.55 million, a PE ratio of -4.84 and a beta of 0.84. Thryv has a 1 year low of $1.76 and a 1 year high of $13.00.

Thryv (NASDAQ:THRY) last posted its earnings results on Tuesday, August 4th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The firm had revenue of $150.73 million during the quarter, compared to analyst estimates of $145.98 million. Thryv had a negative net margin of 2.27% and a negative return on equity of 7.36%. Sell-side analysts forecast that Thryv will post -0.36 earnings per share 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.