Thryv Holdings, Inc. (NASDAQ:THRY) Given Average Rating of “Hold” by Brokerages

Thryv Holdings, Inc. (NASDAQ:THRY) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.50.

Several brokerages have weighed in on THRY. Royal Bank Of Canada cut their price target on Thryv from $4.00 to $3.00 and set a “sector perform” rating for the company in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating on shares of Thryv in a report on Tuesday, August 4th. Wall Street Zen cut shares of Thryv from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th.

Thryv Trading Down 0.5%

Shares of THRY opened at $2.14 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $3.57. The stock has a market cap of $95.10 million, a price-to-earnings ratio of -5.78 and a beta of 0.90. Thryv has a 1-year low of $1.91 and a 1-year high of $13.94.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.28). Thryv had a negative net margin of 2.27% and a negative return on equity of 7.36%. The company had revenue of $150.73 million during the quarter, compared to analysts’ expectations of $145.98 million. Equities analysts forecast that Thryv will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Thryv

A number of hedge funds have recently made changes to their positions in THRY. Russell Investments Group Ltd. increased its holdings in shares of Thryv by 2,516.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after buying an additional 2,995 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Thryv by 526.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after acquiring an additional 3,562 shares during the last quarter. Quarry LP grew its position in Thryv by 787.2% during the third quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after acquiring an additional 4,495 shares during the period. BNP Paribas Financial Markets grew its position in Thryv by 98.5% during the second quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock valued at $68,000 after acquiring an additional 2,764 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in Thryv during the third quarter worth about $107,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

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.