Thryv (NASDAQ:THRY) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Thryv (NASDAQ:THRY) from a buy rating to a hold rating in a report released on Saturday.

Several other equities analysts have also recently issued reports on THRY. B. Riley decreased their price objective on Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a research note on Monday, December 15th. William Blair cut shares of Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Needham & Company LLC dropped their price objective on shares of Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Craig Hallum lowered shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Thryv currently has an average rating of “Hold” and an average price target of $13.00.

Thryv Trading Down 2.3%

THRY opened at $5.97 on Friday. The business’s 50 day moving average price is $7.46 and its 200 day moving average price is $10.76. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $260.17 million, a PE ratio of 14.56 and a beta of 0.88. Thryv has a one year low of $5.25 and a one year high of $20.92.

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

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh bought 25,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $6.51 per share, with a total value of $162,750.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.88% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of THRY. CWM LLC increased its stake in Thryv by 567.6% in the second quarter. CWM LLC now owns 8,338 shares of the company’s stock valued at $101,000 after purchasing an additional 7,089 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Thryv by 46.4% in the first quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock valued at $4,818,000 after buying an additional 119,167 shares in the last quarter. CenterBook Partners LP grew its holdings in Thryv by 93.4% during the 2nd quarter. CenterBook Partners LP now owns 859,954 shares of the company’s stock valued at $10,457,000 after purchasing an additional 415,282 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Thryv in the second quarter valued at about $128,000. Finally, Peregrine Capital Management LLC boosted its stake in Thryv by 11.6% during the 2nd quarter. Peregrine Capital Management LLC now owns 419,111 shares of the company’s stock valued at $5,096,000 after acquiring an additional 43,598 shares during the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

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.