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

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

Several brokerages have weighed in on THRY. Needham & Company LLC reaffirmed a “buy” rating on shares of Thryv in a research note on Tuesday, August 4th. Royal Bank Of Canada decreased 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. Weiss Ratings cut shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Thryv from a “hold” rating to a “sell” rating in a report on Saturday, August 8th.

Institutional Investors Weigh In On Thryv

A number of institutional investors have recently modified their holdings of the company. DGS Capital Management LLC purchased a new stake in shares of Thryv in the 1st quarter valued at $31,000. Russell Investments Group Ltd. grew its position in Thryv by 2,516.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after acquiring an additional 2,995 shares in the last quarter. Meeder Asset Management Inc. grew its position in Thryv by 53.4% in the 1st quarter. Meeder Asset Management Inc. now owns 15,008 shares of the company’s stock valued at $41,000 after acquiring an additional 5,226 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Thryv during the second quarter worth about $47,000. Finally, Tower Research Capital LLC TRC increased its stake in Thryv by 526.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after purchasing an additional 3,562 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Price Performance

THRY stock opened at $2.08 on Friday. The business has a fifty day moving average of $3.13 and a two-hundred day moving average of $3.28. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. The stock has a market cap of $92.44 million, a price-to-earnings ratio of -5.62 and a beta of 0.84. Thryv has a 52-week low of $1.76 and a 52-week high of $13.30.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The business had revenue of $150.73 million during the quarter, compared to analyst estimates of $145.98 million. Thryv had a negative net margin of 2.27% and a negative return on equity of 7.36%. As a group, research analysts anticipate that Thryv will post -0.36 earnings per share for the current year.

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.