Thryv Holdings, Inc. (NASDAQ:THRY) Stock Has Consensus Price Target of $8.50

Thryv Holdings, Inc. (NASDAQ:THRY) has received an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $4.00.

Several equities analysts have recently issued reports on THRY shares. Royal Bank Of Canada decreased their price target on Thryv from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 28th. Needham & Company LLC restated a “buy” rating on shares of Thryv in a research report on Tuesday, August 4th. Wall Street Zen lowered Thryv from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th.

Insider Activity at Thryv

In related news, CEO Joe Walsh bought 25,000 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was purchased at an average price of $1.80 per share, with a total value of $45,000.00. Following the completion of the acquisition, the chief executive officer owned 788,099 shares of the company’s stock, valued at $1,418,578.20. The trade was a 3.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Thryv

Institutional investors have recently added to or reduced their stakes in the stock. Paulson & CO. Inc. increased its holdings in shares of Thryv by 94.2% during the first quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock worth $23,136,000 after buying an additional 4,096,765 shares in the last quarter. Luxor Capital Group LP lifted its stake in shares of Thryv by 36.5% in the 1st quarter. Luxor Capital Group LP now owns 1,131,235 shares of the company’s stock valued at $3,100,000 after acquiring an additional 302,300 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Thryv by 6.7% during the 1st quarter. Empowered Funds LLC now owns 159,493 shares of the company’s stock valued at $437,000 after acquiring an additional 10,015 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Thryv during the second quarter valued at about $512,000. Finally, Hsbc Holdings PLC increased its position in Thryv by 10.4% in the 1st quarter. Hsbc Holdings PLC now owns 126,235 shares of the company’s stock valued at $346,000 after acquiring an additional 11,910 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Stock Performance

Shares of NASDAQ:THRY opened at $1.25 on Monday. The company’s 50 day simple moving average is $1.62 and its 200 day simple moving average is $3.08. The stock has a market capitalization of $55.55 million, a price-to-earnings ratio of -3.38 and a beta of 0.89. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.00 and a quick ratio of 1.00. Thryv has a 1 year low of $1.11 and a 1 year high of $8.01.

Thryv (NASDAQ:THRY) last announced 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). Thryv had a negative net margin of 2.27% and a negative return on equity of 7.36%. The firm had revenue of $150.73 million for the quarter, compared to analyst estimates of $145.98 million. As a group, research analysts predict that Thryv will post -0.36 EPS for the current fiscal year.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) provides software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer relationships, appointments, communications, estimates, invoices, payments and online reviews through a centralized business-management system.

The company also offers tools for digital marketing and customer acquisition, including website and social media management, online presence services, lead generation, automated communications and reputation management.