Thryv Holdings, Inc. (NASDAQ:THRY) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts give Thryv an average rating of "Hold" (1 sell, 4 hold, 2 buy) with a 1‑year average target of $9.50, amid recent price‑target cuts and downgrades from firms including Needham and RBC.
• Insiders have been buying: CEO Joe Walsh bought 15,000 shares at $2.91 and CFO Paul Rouse bought 14,000 at $2.35, with insiders purchasing 45,000 shares in the last 90 days and now owning about 9.88% of the company.
• Thryv posted an EPS beat ( $0.10 vs. -$0.06 expected ) and revenue of $167.7M (vs. $161.7M consensus); the stock trades around $3.83 with a market cap of roughly $169M and a 12‑month range of $1.91–$15.49.

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $9.50.

Several research firms recently commented on THRY. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Thryv in a research report on Friday, April 17th. Needham & Company LLC lowered their price objective on shares of Thryv from $14.00 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of Thryv from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Royal Bank Of Canada lowered their price objective on shares of Thryv from $13.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Friday, February 20th. Finally, Zacks Research upgraded shares of Thryv from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th.

Insider Activity at Thryv

In related news, CEO Joe Walsh bought 15,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $43,650.00. Following the completion of the transaction, the chief executive officer owned 775,749 shares of the company's stock, valued at approximately $2,257,429.59. This trade represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul D. Rouse bought 14,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average price of $2.35 per share, for a total transaction of $32,900.00. Following the completion of the transaction, the chief financial officer directly owned 349,079 shares of the company's stock, valued at $820,335.65. This represents a 4.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 45,000 shares of company stock valued at $120,250 over the last 90 days. 9.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Thryv

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in Thryv by 10.4% during the first quarter. Hsbc Holdings PLC now owns 126,235 shares of the company's stock valued at $346,000 after purchasing an additional 11,910 shares in the last quarter. DGS Capital Management LLC bought a new stake in Thryv during the 1st quarter worth approximately $31,000. Alpine Global Management LLC bought a new stake in Thryv during the 4th quarter worth approximately $179,000. Aristides Capital LLC bought a new stake in Thryv during the 4th quarter worth approximately $210,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Thryv during the 4th quarter worth approximately $79,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Thryv Price Performance

Shares of THRY opened at $3.83 on Monday. The company has a market capitalization of $169.17 million, a P/E ratio of 11.97 and a beta of 0.91. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. The firm has a 50 day moving average of $3.06 and a 200 day moving average of $5.14. Thryv has a twelve month low of $1.91 and a twelve month high of $15.49.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.16. Thryv had a return on equity of 6.58% and a net margin of 1.88%.The company had revenue of $167.68 million for the quarter, compared to analysts' expectations of $161.69 million. As a group, equities research analysts anticipate that Thryv will post 0.35 earnings per share for the current fiscal year.

About Thryv

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.

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