Thryv Holdings, Inc. (NASDAQ:THRY) Stock Rated “Hold” by Sell-Side Analysts

Thryv Holdings, Inc. (NASDAQ:THRY) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $8.50.

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Thryv from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Needham & Company LLC reiterated a “buy” rating on shares of Thryv in a research note on Tuesday, August 4th. Royal Bank Of Canada dropped their price objective on shares of Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th.

Thryv Stock Performance

THRY stock opened at $1.44 on Thursday. The company has a market cap of $63.99 million, a P/E ratio of -3.89 and a beta of 0.88. Thryv has a 1 year low of $1.29 and a 1 year high of $12.57. 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 stock’s fifty day moving average price is $2.07 and its 200-day moving average price is $3.05.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The firm had revenue of $150.73 million during 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%. On average, equities analysts forecast that Thryv will post -0.36 earnings per share for the current year.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh purchased 25,000 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of $1.80 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer directly owned 788,099 shares of the company’s stock, valued at $1,418,578.20. The trade was a 3.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Thryv

Hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new stake in shares of Thryv in the 2nd quarter worth $156,000. Corient Private Wealth LP purchased a new position in Thryv during the second quarter valued at $47,000. Public Employees Retirement System of Ohio purchased a new position in Thryv during the second quarter valued at $193,000. Mcmorgan & Co. LLC bought a new stake in Thryv during the second quarter valued at about $82,000. Finally, Bank of New York Mellon Corp bought a new stake in Thryv during the second quarter valued at about $512,000. Institutional investors own 96.38% of the company’s stock.

About Thryv

Thryv Holdings, Inc provides software and digital marketing services designed primarily for small and midsize businesses. Its flagship Thryv platform is a cloud-based business management system that helps companies manage customer relationships, communications, online presence, scheduling, invoicing, payments and other day-to-day operations from a centralized interface.

The company’s products and services include customer relationship management tools, appointment scheduling, estimates and invoices, payment processing, automated marketing, social media and reputation management, website services, and business listings.