Thryv (NASDAQ:THRY) Lowered to Hold Rating by Craig Hallum

Craig Hallum cut shares of Thryv (NASDAQ:THRY) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat.com reports. The firm currently has $10.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. Needham & Company LLC cut their target price on Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday. Wall Street Zen raised Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Thryv in a research note on Wednesday, October 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Thryv in a research note on Friday, October 17th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.40.

Thryv Stock Performance

Shares of THRY opened at $7.71 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. The business has a 50-day simple moving average of $11.96 and a two-hundred day simple moving average of $12.62. The stock has a market cap of $338.78 million, a price-to-earnings ratio of 18.81 and a beta of 0.92. Thryv has a 52 week low of $7.55 and a 52 week high of $20.92.

Thryv (NASDAQ:THRY) last released its 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). Thryv had a return on equity of 8.64% and a net margin of 2.29%.The business had revenue of $201.56 million for the quarter, compared to analysts’ expectations of $200.81 million. During the same quarter in the prior year, the business posted ($2.65) EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Thryv will post -2.24 EPS for the current year.

Institutional Investors Weigh In On Thryv

Institutional investors and hedge funds have recently modified their holdings of the business. Stoneridge Investment Partners LLC bought a new stake in Thryv during the 3rd quarter valued at $369,000. SG Americas Securities LLC purchased a new position in shares of Thryv in the 3rd quarter valued at $137,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Thryv by 1.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,127,581 shares of the company’s stock valued at $13,193,000 after acquiring an additional 15,689 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Thryv by 18.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 22,715 shares of the company’s stock valued at $274,000 after acquiring an additional 3,477 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in shares of Thryv by 9.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 140,213 shares of the company’s stock valued at $1,705,000 after acquiring an additional 12,339 shares during the period. 96.38% of the stock is owned by institutional investors.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.