Thryv Holdings, Inc. (NASDAQ:THRY) Receives $21.40 Average Price Target from Brokerages

Key Points

• Thryv Holdings, Inc. has received a consensus rating of "Moderate Buy" from five brokerages, with an average target price of $21.40.
• CEO Joe Walsh purchased 5,000 shares at an average price of $13.40 per share, increasing his ownership stake in the company.
• Shares of Thryv are currently down 7.8%, trading at $12.13, and they reported earnings of $0.31 per share, missing estimates of $0.40.

Shares of Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $21.40.

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Thryv from a "hold" rating to a "buy" rating in a report on Saturday. Royal Bank Of Canada dropped their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. B. Riley decreased their price target on shares of Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC cut their price objective on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st.

Insiders Place Their Bets

In related news, CEO Joe Walsh bought 5,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $13.40 per share, with a total value of $67,000.00. Following the acquisition, the chief executive officer owned 586,043 shares of the company's stock, valued at $7,852,976.20. This represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.88% of the stock is owned by insiders.

Institutional Trading of Thryv

Several hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA acquired a new stake in Thryv in the 1st quarter valued at $30,209,000. Paulson & CO. Inc. grew its holdings in shares of Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock valued at $63,344,000 after buying an additional 2,280,000 shares during the last quarter. J. Goldman & Co LP acquired a new stake in shares of Thryv in the 4th quarter worth about $13,654,000. Vanguard Group Inc. lifted its position in Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after acquiring an additional 548,864 shares in the last quarter. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Thryv in the fourth quarter worth approximately $7,400,000. Institutional investors own 96.38% of the company's stock.

Thryv Price Performance

Shares of Thryv stock traded up $0.80 during midday trading on Friday, reaching $12.93. The company had a trading volume of 420,218 shares, compared to its average volume of 545,938. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a fifty day simple moving average of $12.73 and a 200 day simple moving average of $14.27. Thryv has a 1-year low of $10.02 and a 1-year high of $20.92.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. The business had revenue of $210.47 million during the quarter, compared to the consensus estimate of $203.87 million. During the same period in the previous year, the business posted $0.15 earnings per share. Thryv's revenue was down 6.1% compared to the same quarter last year. Equities research analysts expect that Thryv will post -2.24 EPS for the current year.

Thryv Company Profile

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.