Brokerages Set Thryv Holdings, Inc. (NASDAQ:THRY) Price Target at $13.00

by · The Cerbat Gem

Thryv Holdings, Inc. (NASDAQ:THRY – Get Free Report) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.00.

THRY has been the subject of a number of research reports. Wall Street Zen raised Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. 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 report on Thursday, October 30th. B. Riley cut their price objective on shares of Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a research note on Monday, December 29th.

Read Our Latest Research Report on THRY

Thryv Price Performance

Shares of THRY stock opened at $4.85 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. Thryv has a 12-month low of $4.83 and a 12-month high of $20.92. The firm has a fifty day moving average of $5.72 and a 200-day moving average of $9.50. The firm has a market capitalization of $211.36 million, a price-to-earnings ratio of 11.83 and a beta of 0.78.

Thryv (NASDAQ:THRY – Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.30). Thryv had a return on equity of 8.64% and a net margin of 2.29%.The business had revenue of $201.56 million for the quarter, compared to the consensus estimate of $200.81 million. During the same quarter in the prior year, the firm posted ($2.65) earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Thryv will post -2.24 earnings per share for the current year.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $6.51 per share, for a total transaction of $162,750.00. Following the completion of the acquisition, the chief executive officer owned 610,232 shares in the company, valued at $3,972,610.32. This represents a 4.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.88% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Thryv

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of Thryv by 2,516.8% in the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after purchasing an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in 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 buying an additional 3,562 shares during the last quarter. Quarry LP increased its stake in 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 buying an additional 4,495 shares during the last quarter. Quotient Wealth Partners LLC bought a new stake in Thryv during the 4th quarter worth about $63,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Thryv by 98.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock worth $68,000 after buying an additional 2,764 shares during the last quarter. 96.38% of the stock is owned by institutional investors.

Thryv Company Profile

(Get Free Report)

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.

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