Thryv (NASDAQ:THRY) Stock Rating Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Thryv (NASDAQ:THRY) from a sell rating to a strong sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other research analysts also recently issued reports on THRY. Weiss Ratings reissued a “sell (e+)” rating on shares of Thryv in a research note on Wednesday. Royal Bank Of Canada decreased their target price on Thryv from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 28th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Thryv in a report on Wednesday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Thryv currently has an average rating of “Hold” and a consensus price target of $4.00.

Thryv Trading Up 4.6%

THRY stock traded up $0.04 during midday trading on Friday, hitting $1.02. The stock had a trading volume of 426,995 shares, compared to its average volume of 569,932. The firm has a market cap of $45.34 million, a P/E ratio of -0.36 and a beta of 0.89. The company has a current ratio of 0.84, a quick ratio of 1.00 and a debt-to-equity ratio of 1.66. Thryv has a 1-year low of $0.90 and a 1-year high of $6.28. The business has a fifty day moving average price of $1.47 and a two-hundred day moving average price of $2.88.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Monday, November 9th. The company reported ($2.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.16). Thryv had a negative net margin of 19.85% and a negative return on equity of 22.38%. The firm had revenue of $118.94 million for the quarter, compared to the consensus estimate of $145.67 million. On average, sell-side analysts predict that Thryv will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Thryv

In related news, CEO Joe Walsh purchased 25,000 shares of Thryv stock in a transaction on Friday, September 18th. The stock was acquired at an average cost of $1.80 per share, for a total transaction 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. This trade represents a 3.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Thryv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Paulson & CO. Inc. increased its holdings in Thryv by 94.2% during the 1st quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock worth $23,136,000 after purchasing an additional 4,096,765 shares in the last quarter. Luxor Capital Group LP raised its stake in shares of Thryv by 36.5% in the first quarter. Luxor Capital Group LP now owns 1,131,235 shares of the company’s stock worth $3,100,000 after purchasing an additional 302,300 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Thryv in the second quarter worth approximately $512,000. Lazard Asset Management LLC bought a new position in shares of Thryv in the first quarter valued at approximately $189,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Thryv in the second quarter valued at approximately $193,000. Institutional investors own 96.38% of the company’s stock.

About Thryv

Thryv Holdings, Inc. provides software and marketing services to small and midsize businesses. Its business-management platform helps companies handle customer relationships, appointments, payments, communications, and marketing activities in one place. Thryv’s offerings include tools for managing customer information and online presence, creating email and social media campaigns, and coordinating day-to-day business tasks. The company also provides digital marketing services, including website and online listing support.