Thryv (NASDAQ:THRY) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Thryv (NASDAQ:THRY) from a hold rating to a sell rating in a research note published on Saturday.

A number of other brokerages have also weighed in on THRY. Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a report on Friday, July 31st. Royal Bank Of Canada reduced their target price on shares of Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Thryv in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.50.

Thryv Stock Performance

Shares of Thryv stock opened at $2.44 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average is $3.83 and its two-hundred day moving average is $3.62. Thryv has a 52 week low of $1.91 and a 52 week high of $13.94. The company has a market capitalization of $108.43 million, a PE ratio of -6.59 and a beta of 0.90.

Thryv (NASDAQ:THRY) last released its earnings results on Monday, August 3rd. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The business had revenue of $150.73 million for the quarter, compared to the consensus estimate of $145.98 million. Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%. As a group, analysts expect that Thryv will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Thryv

Several hedge funds have recently modified their holdings of THRY. Russell Investments Group Ltd. increased its holdings in Thryv by 2,516.8% during the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after buying an additional 2,995 shares during the period. Tower Research Capital LLC TRC raised its stake in Thryv by 526.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after buying an additional 3,562 shares in the last quarter. Quarry LP lifted its holdings in Thryv by 787.2% during the third quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after buying an additional 4,495 shares during the period. BNP Paribas Financial Markets lifted its holdings in Thryv by 98.5% during the second 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 period. Finally, Aquatic Capital Management LLC bought a new stake in Thryv during the 3rd quarter valued at $107,000. 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.