Thryv Holdings, Inc. (NASDAQ:THRY) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analyst sentiment is neutral: Seven firms give Thryv an average “Hold” rating, with one sell, four hold, and two buy recommendations. The average 12-month price target is $8.50.
• Thryv shares have fallen sharply: The stock opened at $1.57, near its 52-week low of $1.53, versus a 52-week high of $12.57. Its 50-day and 200-day moving averages were $2.32 and $3.10, respectively.
• Recent results were mixed: Thryv reported quarterly revenue of $150.73 million, above estimates, but its adjusted loss of $0.38 per share was substantially worse than the expected $0.10 loss. CEO Joe Walsh also purchased 25,000 shares at $1.80 each, while institutional investors own 96.38% of the stock.

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $8.50.

Several brokerages recently issued reports on THRY. Needham & Company LLC reissued a "buy" rating on shares of Thryv in a report on Tuesday, August 4th. Wall Street Zen lowered shares of Thryv from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Royal Bank Of Canada cut their target price on shares of Thryv from $4.00 to $3.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 5th. Finally, Weiss Ratings downgraded Thryv from a "sell (d)" rating to a "sell (e+)" rating in a report on Thursday, August 13th.

Insider Transactions at Thryv

In other Thryv news, CEO Joe Walsh acquired 25,000 shares of Thryv stock in a transaction on Friday, September 18th. The shares were bought at an average price of $1.80 per share, with a total value of $45,000.00. Following the completion of the purchase, the chief executive officer owned 788,099 shares in the company, valued at $1,418,578.20. This trade represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 10.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Paulson & CO. Inc. grew 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 acquiring an additional 4,096,765 shares during the last quarter. Ancient Art L.P. raised its stake in shares of Thryv by 19.2% in the fourth quarter. Ancient Art L.P. now owns 1,560,908 shares of the company's stock worth $9,443,000 after acquiring an additional 251,449 shares during 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 acquiring an additional 302,300 shares during the last quarter. Wittenberg Investment Management Inc. lifted its position in shares of Thryv by 331.1% during the fourth quarter. Wittenberg Investment Management Inc. now owns 395,234 shares of the company's stock worth $2,391,000 after purchasing an additional 303,550 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Thryv by 6.7% during the first quarter. Empowered Funds LLC now owns 159,493 shares of the company's stock valued at $437,000 after purchasing an additional 10,015 shares during the last quarter. 96.38% of the stock is owned by institutional investors.

Thryv Price Performance

Shares of THRY stock opened at $1.57 on Thursday. The stock's fifty day simple moving average is $2.32 and its 200 day simple moving average is $3.10. Thryv has a one year low of $1.53 and a one year high of $12.57. The firm has a market cap of $69.77 million, a price-to-earnings ratio of -4.24 and a beta of 0.84. 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 (NASDAQ:THRY - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The company had revenue of $150.73 million for the quarter, compared to analyst estimates of $145.98 million. Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%. On average, analysts expect that Thryv will post -0.36 earnings per share for the current fiscal year.

Thryv Company Profile

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

The company's products and services include customer relationship management tools, scheduling and calendar capabilities, payment processing, email and text messaging, website and social media management, search engine optimization, online reputation management and digital advertising.

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