Thryv (NASDAQ:THRY) Downgraded by Zacks Research to “Strong Sell”

Thryv (NASDAQ:THRY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on THRY. Royal Bank Of Canada cut 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Thryv in a research report on Wednesday, October 8th. William Blair cut Thryv from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Needham & Company LLC cut their price objective on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Wall Street Zen cut Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.40.

Thryv Price Performance

Shares of THRY opened at $7.22 on Tuesday. Thryv has a 12-month low of $6.36 and a 12-month high of $20.92. The business has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $12.53. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. The stock has a market cap of $314.65 million, a PE ratio of 17.61 and a beta of 0.89.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.30). Thryv had a net margin of 2.29% and a return on equity of 8.64%. The company had revenue of $201.56 million during the quarter, compared to the consensus estimate of $200.81 million. During the same quarter last year, the firm posted ($2.65) EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that Thryv will post -2.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thryv

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA bought a new stake in shares of Thryv in the 1st quarter valued at about $30,209,000. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 acquiring an additional 15,689 shares during the period. American Century Companies Inc. grew its holdings in shares of Thryv by 1,010.8% during the 2nd quarter. American Century Companies Inc. now owns 864,246 shares of the company’s stock worth $10,509,000 after acquiring an additional 786,445 shares during the period. CenterBook Partners LP grew its stake in shares of Thryv by 93.4% in the 2nd quarter. CenterBook Partners LP now owns 859,954 shares of the company’s stock worth $10,457,000 after buying an additional 415,282 shares during the last quarter. Finally, Brooktree Capital Management grew its stake in shares of Thryv by 2.2% in the 2nd quarter. Brooktree Capital Management now owns 715,630 shares of the company’s stock worth $8,702,000 after buying an additional 15,595 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

Thryv Company Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.