Thryv Holdings, Inc. (THRY) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst consensus is “Hold”: Among seven firms, four rate Thryv a hold, two a buy and one a sell, with an average 12-month price target of $8.50.
• Shares have declined sharply: THRY opened at $1.19, near its 52-week low of $1.11 and well below its 52-week high of $12.57. The company also missed quarterly EPS expectations, reporting a loss of $0.38 per share versus the expected loss of $0.10.
• Insiders and institutions remain involved: CEO Joe Walsh bought 25,000 shares at $1.80, while hedge funds and other institutional investors own 96.38% of the stock.

Shares of Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) have been assigned an average recommendation of "Hold" from the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.50.

A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Thryv from a "sell (d)" rating to a "sell (e+)" rating in a report on Thursday, August 13th. Needham & Company LLC reissued a "buy" rating on shares of Thryv in a research report on Tuesday, August 4th. Royal Bank Of Canada decreased their price objective on shares of Thryv from $4.00 to $3.00 and set a "sector perform" rating for the company in a report on Wednesday, August 5th. Finally, Wall Street Zen cut Thryv from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th.

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh purchased 25,000 shares of the firm's stock in a transaction dated Friday, September 18th. The stock was purchased at an average price of $1.80 per share, for a total transaction of $45,000.00. Following the completion of the purchase, the chief executive officer directly owned 788,099 shares of the company's stock, valued at $1,418,578.20. This trade represents a 3.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Thryv

Several institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. increased its holdings in shares of Thryv by 53.4% in the first quarter. Meeder Asset Management Inc. now owns 15,008 shares of the company's stock worth $41,000 after purchasing an additional 5,226 shares during the last quarter. State of Wyoming lifted its position in shares of Thryv by 18.8% in the first quarter. State of Wyoming now owns 46,712 shares of the company's stock worth $128,000 after buying an additional 7,395 shares in the last quarter. Empowered Funds LLC boosted its stake in 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 buying an additional 10,015 shares during the last quarter. Amundi boosted its stake in Thryv by 54.9% during the first quarter. Amundi now owns 30,644 shares of the company's stock valued at $84,000 after buying an additional 10,860 shares during the last quarter. Finally, DGS Capital Management LLC purchased a new position in Thryv during the 1st quarter valued at approximately $31,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Price Performance

THRY opened at $1.19 on Monday. The firm has a market cap of $52.88 million, a PE ratio of -3.22 and a beta of 0.88. The stock has a 50-day moving average price of $1.70 and a 200-day moving average price of $2.93. Thryv has a 1 year low of $1.11 and a 1 year high of $12.57. 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 announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The firm had revenue of $150.73 million for the quarter, compared to analysts' expectations of $145.98 million. Thryv had a negative net margin of 2.27% and a negative return on equity of 7.36%. Sell-side analysts predict that Thryv will post -0.36 earnings per share for the current fiscal year.

Thryv Company Profile

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

The company also offers tools for digital marketing and customer acquisition, including website and social media management, online presence services, lead generation, automated communications and reputation management.

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