Thryv Holdings, Inc. (NASDAQ:THRY) Receives Average Rating of "Moderate Buy" 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.

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.40.

Several analysts recently issued reports on the company. B. Riley dropped their target price on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC lowered their price target on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen raised Thryv from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Royal Bank Of Canada lowered their price target 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.

Thryv Stock Up 1.1%

Shares of Thryv stock traded up $0.15 during trading on Friday, reaching $13.51. The stock had a trading volume of 457,259 shares, compared to its average volume of 502,361. The company has a market capitalization of $593.76 million, a price-to-earnings ratio of -5.70 and a beta of 0.94. The stock has a fifty day moving average price of $12.72 and a two-hundred day moving average price of $14.25. Thryv has a 52 week low of $10.02 and a 52 week high of $20.92. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.24.

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

Insider Transactions at Thryv

In related news, CEO Joe Walsh purchased 8,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $12.90 per share, with a total value of $103,200.00. Following the acquisition, the chief executive officer owned 592,232 shares of the company's stock, valued at $7,639,792.80. This trade represents a 1.37% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.88% of the company's stock.

Institutional Trading of Thryv

A number of institutional investors have recently modified their holdings of THRY. Summit Investment Advisors Inc. boosted its position in shares of Thryv by 27.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock worth $58,000 after purchasing an additional 848 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Thryv in the 4th quarter worth $92,000. CWM LLC lifted its holdings in shares of Thryv by 567.6% in the 2nd quarter. CWM LLC now owns 8,338 shares of the company's stock valued at $101,000 after acquiring an additional 7,089 shares during the last quarter. Clarus Group Inc. bought a new stake in Thryv in the first quarter worth about $134,000. Finally, Arizona State Retirement System bought a new stake in shares of Thryv during the first quarter valued at approximately $146,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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.