Thryv (NASDAQ:THRY) Upgraded to “Hold” at Zacks Research

Thryv (NASDAQ:THRY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, MarketBeat reports.

Several other brokerages have also recently issued reports on THRY. B. Riley dropped their price objective on shares of Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. William Blair cut shares of Thryv from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Craig Hallum lowered shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Friday, October 31st. Needham & Company LLC lowered their price objective on Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada reduced their target price on Thryv from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.00.

Thryv Stock Down 0.5%

Thryv stock opened at $6.10 on Monday. 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 has a market capitalization of $265.82 million, a PE ratio of 14.88 and a beta of 0.88. The business has a 50 day simple moving average of $6.82 and a 200-day simple moving average of $10.45. Thryv has a 12 month low of $5.25 and a 12 month high of $20.92.

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

Insider Activity

In other news, CEO Joe Walsh bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of $6.51 per share, with a total value of $162,750.00. Following the purchase, the chief executive officer owned 610,232 shares in the company, valued at approximately $3,972,610.32. The trade was a 4.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.88% of the company’s stock.

Institutional Trading of Thryv

A number of institutional investors and hedge funds have recently bought and sold shares of THRY. Ancient Art L.P. boosted its stake in shares of Thryv by 468.2% in the third quarter. Ancient Art L.P. now owns 1,309,459 shares of the company’s stock valued at $15,792,000 after purchasing an additional 1,079,016 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Thryv by 1.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,127,581 shares of the company’s stock worth $13,193,000 after purchasing an additional 15,689 shares in the last quarter. CenterBook Partners LP increased its holdings in Thryv by 1.4% during the 3rd quarter. CenterBook Partners LP now owns 871,991 shares of the company’s stock worth $10,516,000 after purchasing an additional 12,037 shares during the period. American Century Companies Inc. boosted its stake in shares of Thryv by 1,010.8% in the 2nd quarter. American Century Companies Inc. now owns 864,246 shares of the company’s stock valued at $10,509,000 after buying an additional 786,445 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Thryv by 44.6% during the third 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 period. 96.38% of the stock is currently 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.