Thryv Sees Unusually High Options Volume (NASDAQ:THRY)

Thryv Holdings, Inc. (NASDAQ:THRY) was the target of some unusual options trading activity on Friday. Stock traders purchased 5,119 call options on the company. This represents an increase of approximately 1,053% compared to the average volume of 444 call options.

Thryv Stock Up 2.5%

Shares of THRY traded up $0.09 during mid-day trading on Friday, hitting $3.89. 738,434 shares of the company’s stock were exchanged, compared to its average volume of 841,292. 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 twelve month low of $3.45 and a twelve month high of $20.92. The firm has a fifty day moving average of $5.12 and a two-hundred day moving average of $8.52. The stock has a market cap of $169.70 million, a price-to-earnings ratio of 9.51 and a beta of 0.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of THRY. Mercer Global Advisors Inc. ADV acquired a new position in Thryv during the 4th quarter worth $79,000. Mackenzie Financial Corp bought a new position in shares of Thryv in the fourth quarter worth about $106,000. Empowered Funds LLC acquired a new position in shares of Thryv during the 4th quarter worth about $904,000. XTX Topco Ltd boosted its stake in Thryv by 307.2% during the 4th quarter. XTX Topco Ltd now owns 108,204 shares of the company’s stock valued at $655,000 after purchasing an additional 81,630 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in Thryv in the 4th quarter valued at approximately $1,476,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Needham & Company LLC lowered their price objective on shares of Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Royal Bank Of Canada decreased their price target on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a report on Friday. Finally, William Blair lowered shares of Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.50.

About Thryv

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.