Zacks Research Upgrades Thryv (NASDAQ:THRY) to “Hold”

Thryv (NASDAQ:THRY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, MarketBeat Ratings reports.

A number of other research analysts also recently issued reports on THRY. Craig Hallum downgraded shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a research note on Monday. Wall Street Zen lowered shares of Thryv from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. B. Riley cut their price objective on shares of Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Royal Bank Of Canada decreased their target price on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.00.

Thryv Stock Performance

THRY stock opened at $6.10 on Monday. The firm has a market cap of $265.82 million, a PE ratio of 14.88 and a beta of 0.88. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.17. The stock has a 50-day moving average price of $6.82 and a 200-day moving average price of $10.45. Thryv has a 1-year low of $5.25 and a 1-year high of $20.92.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, October 30th. The company reported $0.13 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 analyst estimates of $200.81 million. During the same period in the prior year, the business earned ($2.65) EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that Thryv will post -2.24 earnings per share for the current year.

Insider Activity

In other Thryv news, CEO Joe Walsh acquired 25,000 shares of Thryv stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $6.51 per share, for a total transaction of $162,750.00. Following the completion of the acquisition, the chief executive officer directly owned 610,232 shares of the company’s stock, valued at $3,972,610.32. This represents a 4.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.88% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Thryv

Several large investors have recently added to or reduced their stakes in THRY. Russell Investments Group Ltd. increased its holdings in Thryv by 2,516.8% during the 3rd 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 in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Thryv by 526.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after buying an additional 3,562 shares during the last quarter. Quarry LP grew its holdings in Thryv by 787.2% during the third quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after buying an additional 4,495 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Thryv by 98.5% during the second 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 in the last quarter. Finally, State of Wyoming purchased a new stake in Thryv in the 3rd quarter valued at $82,000. 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.