Thryv (NASDAQ:THRY) Raised to “Buy” at Wall Street Zen

Thryv (NASDAQ:THRY) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research firms also recently issued reports on THRY. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. B. Riley decreased their price objective on Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Needham & Company LLC dropped their price objective on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Royal Bank Of Canada cut their target price on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Craig Hallum lowered Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.00.

Thryv Price Performance

Shares of NASDAQ:THRY opened at $5.67 on Friday. The firm has a market capitalization of $247.10 million, a PE ratio of 13.83 and a beta of 0.78. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $6.44 and a two-hundred day moving average price of $10.31. Thryv has a twelve month low of $5.25 and a twelve month high of $20.92.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.30). The business had revenue of $201.56 million during the quarter, compared to the consensus estimate of $200.81 million. Thryv had a net margin of 2.29% and a return on equity of 8.64%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned ($2.65) EPS. Equities analysts forecast that Thryv will post -2.24 EPS for the current year.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh bought 25,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were acquired at an average cost of $6.51 per share, for a total transaction of $162,750.00. Following the purchase, the chief executive officer directly owned 610,232 shares of the company’s stock, valued at $3,972,610.32. The trade was a 4.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of THRY. Russell Investments Group Ltd. increased its position in shares of Thryv by 2,516.8% in the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after purchasing an additional 2,995 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Thryv by 526.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after buying an additional 3,562 shares in the last quarter. Quarry LP increased its holdings in shares of Thryv by 787.2% in the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after buying an additional 4,495 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Thryv by 98.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock worth $68,000 after buying an additional 2,764 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Thryv during the 3rd quarter valued at $82,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

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.