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

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

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada dropped their price target on Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Wall Street Zen downgraded Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Thryv in a research note on Friday, April 17th. Finally, Needham & Company LLC dropped their price target on Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, February 26th.

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh purchased 15,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $2.91 per share, for a total transaction of $43,650.00. Following the purchase, the chief executive officer directly owned 775,749 shares in the company, valued at $2,257,429.59. This trade represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul D. Rouse purchased 14,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was bought at an average price of $2.35 per share, for a total transaction of $32,900.00. Following the purchase, the chief financial officer owned 349,079 shares in the company, valued at approximately $820,335.65. This represents a 4.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 45,000 shares of company stock worth $120,250. Corporate insiders own 9.88% of the company’s stock.

Institutional Trading of Thryv

Several hedge funds have recently bought and sold shares of THRY. Paulson & CO. Inc. increased its stake in Thryv by 1.6% in the 4th quarter. Paulson & CO. Inc. now owns 4,347,070 shares of the company’s stock worth $26,300,000 after acquiring an additional 67,070 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in 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 acquiring an additional 602,127 shares during the last quarter. Ancient Art L.P. increased its stake in Thryv by 19.2% in the 4th quarter. Ancient Art L.P. now owns 1,560,908 shares of the company’s stock worth $9,443,000 after acquiring an additional 251,449 shares during the last quarter. Brooktree Capital Management increased its stake in 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 acquiring an additional 517,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Thryv by 35.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company’s stock worth $6,975,000 after acquiring an additional 302,723 shares during 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 $3.83 on Monday. Thryv has a 52-week low of $1.91 and a 52-week high of $15.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $169.17 million, a PE ratio of 11.97 and a beta of 0.91. The stock has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $5.14.

Thryv (NASDAQ:THRY) last issued 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. Thryv had a return on equity of 6.58% and a net margin of 1.88%.The business had revenue of $167.68 million during the quarter, compared to analyst estimates of $161.69 million. On average, analysts predict that Thryv will post 0.35 EPS 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.