Thryv Holdings, Inc. (NASDAQ:THRY) Receives $9.50 Average Target Price from Brokerages

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.50.

THRY has been the topic of a number of recent analyst reports. Needham & Company LLC cut their price target on shares of Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wall Street Zen cut shares of Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Royal Bank Of Canada cut their price target on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a report on Friday, February 20th. Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Thryv from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th.

Thryv Stock Performance

Shares of Thryv stock opened at $3.90 on Friday. The stock has a market cap of $172.97 million, a price-to-earnings ratio of 12.19 and a beta of 0.93. The firm’s 50-day moving average is $3.32 and its 200 day moving average is $4.30. Thryv has a 1 year low of $1.91 and a 1 year high of $14.28. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. The company had revenue of $167.68 million for the quarter, compared to analysts’ expectations of $161.69 million. Thryv had a net margin of 1.88% and a return on equity of 6.58%. Sell-side analysts anticipate that Thryv will post 0.55 EPS for the current fiscal year.

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $2.91 per share, with a total value of $43,650.00. Following the completion of the transaction, the chief executive officer directly owned 775,749 shares of the company’s stock, valued at approximately $2,257,429.59. This represents a 1.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 22,000 shares of company stock worth $61,970 over the last 90 days. Company insiders own 9.88% of the company’s stock.

Institutional Investors Weigh In On Thryv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ancient Art L.P. boosted its holdings in Thryv by 468.2% in the third quarter. Ancient Art L.P. now owns 1,309,459 shares of the company’s stock worth $15,792,000 after purchasing an additional 1,079,016 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Thryv by 27.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock worth $17,078,000 after buying an additional 602,127 shares during the last quarter. Brooktree Capital Management boosted its stake in shares of Thryv by 61.5% in the 4th quarter. Brooktree Capital Management now owns 1,358,938 shares of the company’s stock worth $8,222,000 after buying an additional 517,597 shares during the last quarter. Roubaix Capital LLC purchased a new position in shares of Thryv in the 3rd quarter worth $3,394,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of Thryv by 44.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 846,596 shares of the company’s stock worth $10,210,000 after buying an additional 261,280 shares during the last quarter. Hedge funds and other 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.