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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $9.50.

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Friday, February 20th. Zacks Research lowered Thryv from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a research note on Monday, December 29th. Finally, Needham & Company LLC lowered their price objective on Thryv from $14.00 to $6.00 and set a “buy” rating on the stock 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 that occurred on Friday, March 13th. The shares were bought at an average price of $2.91 per share, for a total transaction of $43,650.00. Following the completion of the transaction, the chief executive officer owned 775,749 shares of the company’s stock, valued at approximately $2,257,429.59. This trade represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Paul D. Rouse purchased 14,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average cost of $2.35 per share, with a total value of $32,900.00. Following the purchase, the chief financial officer owned 349,079 shares of the company’s stock, valued at $820,335.65. This represents a 4.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 45,000 shares of company stock worth $120,250. 9.88% of the stock is currently owned by insiders.

Institutional Trading of Thryv

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in Thryv by 2,516.8% in the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after acquiring an additional 2,995 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Thryv by 526.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after purchasing an additional 3,562 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Thryv in the 4th quarter valued at $59,000. Quarry LP increased its stake in shares of Thryv by 787.2% in the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after purchasing an additional 4,495 shares during the last quarter. Finally, Quotient Wealth Partners LLC bought a new position in shares of Thryv in the 4th quarter valued at $63,000. Institutional investors own 96.38% of the company’s stock.

Thryv Trading Up 9.7%

Shares of NASDAQ THRY opened at $3.39 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. Thryv has a 1-year low of $1.91 and a 1-year high of $15.49. The business’s 50 day moving average is $3.14 and its 200-day moving average is $5.80.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.62). The firm had revenue of $191.62 million for the quarter, compared to the consensus estimate of $191.25 million. Thryv had a return on equity of 0.14% and a net margin of 0.04%. Analysts expect that Thryv will post -2.24 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.