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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.00.

Several equities research analysts have recently issued reports on the stock. Craig Hallum lowered shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research report on Friday, October 31st. B. Riley cut their price objective on Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. William Blair cut Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a research note on Monday, December 29th. Finally, Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th.

Thryv Stock Performance

Thryv stock opened at $5.67 on Tuesday. The company has a market cap of $247.10 million, a price-to-earnings ratio of 13.83 and a beta of 0.78. Thryv has a 12 month low of $5.25 and a 12 month 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 stock’s 50-day moving average is $6.44 and its 200-day moving average is $10.32.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.30). Thryv had a return on equity of 8.64% and a net margin of 2.29%.The business had revenue of $201.56 million for the quarter, compared to analyst estimates of $200.81 million. During the same period last year, the company posted ($2.65) EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts anticipate that Thryv will post -2.24 earnings per share for the current year.

Insider Activity at Thryv

In other news, CEO Joe Walsh purchased 25,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $6.51 per share, with a total value of $162,750.00. Following the acquisition, the chief executive officer owned 610,232 shares in the company, valued at approximately $3,972,610.32. This trade represents a 4.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.88% of the company’s stock.

Hedge Funds Weigh In On Thryv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancient Art L.P. increased its position in shares of Thryv by 468.2% during the third quarter. Ancient Art L.P. now owns 1,309,459 shares of the company’s stock worth $15,792,000 after acquiring an additional 1,079,016 shares during the last quarter. American Century Companies Inc. grew its stake in Thryv by 1,010.8% during the 2nd quarter. American Century Companies Inc. now owns 864,246 shares of the company’s stock valued at $10,509,000 after purchasing an additional 786,445 shares in the last quarter. CenterBook Partners LP increased its holdings in Thryv by 93.4% during the 2nd quarter. CenterBook Partners LP now owns 859,954 shares of the company’s stock worth $10,457,000 after purchasing an additional 415,282 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Thryv by 108.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 585,316 shares of the company’s stock valued at $7,117,000 after purchasing an additional 304,500 shares in the last quarter. Finally, Roubaix Capital LLC purchased a new position in shares of Thryv during the 3rd quarter valued at approximately $3,394,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.