Thryv Holdings, Inc. (NASDAQ:THRY) Stock Has Average Price Target of $8.50

Thryv Holdings, Inc. (NASDAQ:THRY) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, MarketBeat.com 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 target price among brokers that have issued a report on the stock in the last year is $8.50.

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

Thryv Price Performance

Shares of Thryv stock opened at $1.52 on Thursday. The business’s fifty day moving average price is $2.23 and its 200 day moving average price is $3.08. Thryv has a twelve month low of $1.50 and a twelve month high of $12.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $67.55 million, a P/E ratio of -4.11 and a beta of 0.88.

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

Insider Activity at Thryv

In related news, CEO Joe Walsh purchased 25,000 shares of Thryv stock in a transaction that occurred on Friday, September 18th. The shares were purchased at an average cost of $1.80 per share, with a total value of $45,000.00. Following the transaction, the chief executive officer owned 788,099 shares of the company’s stock, valued at approximately $1,418,578.20. The trade was a 3.28% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 10.50% of the company’s stock.

Institutional Trading of Thryv

Several large investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in Thryv in the second quarter valued at about $156,000. Corient Private Wealth LP purchased a new stake in Thryv during the 2nd quarter worth approximately $47,000. Public Employees Retirement System of Ohio purchased a new stake in Thryv during the 2nd quarter worth approximately $193,000. Mcmorgan & Co. LLC acquired a new position in shares of Thryv in the 2nd quarter valued at approximately $82,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Thryv in the 2nd quarter valued at approximately $512,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

About Thryv

Thryv Holdings, Inc provides business management software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer communications, appointments, estimates, invoices, payments, online reviews and marketing activities from a centralized system.

The company’s products and services include customer relationship management tools, scheduling and calendar capabilities, payment processing, email and text messaging, website and social media management, search engine optimization, online reputation management and digital advertising.