Thryv Holdings, Inc. (NASDAQ:THRY) Receives Average Rating of "Hold" from Analysts

Key Points

• Thryv holds an average analyst rating of “Hold” from seven firms: four holds, two buys and one sell. The average 12-month price target is $8.50, although RBC recently cut its target to $3.00 and Wall Street Zen downgraded the stock to sell.
• Institutional investors own approximately 96.38% of Thryv’s shares, with several firms recently increasing their positions or initiating new stakes.
• Thryv’s latest quarterly results showed a loss of $0.38 per share, substantially missing the $0.10 loss estimate, while revenue of $150.73 million exceeded expectations. Shares opened at $2.14, near their one-year low of $1.91.

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

Several equities analysts have commented on THRY shares. Wall Street Zen lowered shares of Thryv from a "hold" rating to a "sell" rating in a research note on Saturday. Royal Bank Of Canada lowered their target price 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. Needham & Company LLC reaffirmed a "buy" rating on shares of Thryv in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Thryv in a research report on Friday, July 31st. Finally, Zacks Research raised shares of Thryv from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th.

Institutional Investors Weigh In On Thryv

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in shares of Thryv during the second quarter worth about $512,000. Bank of America Corp DE lifted its stake in shares of Thryv by 14.9% in the 1st quarter. Bank of America Corp DE now owns 105,343 shares of the company's stock worth $289,000 after acquiring an additional 13,675 shares during the period. Amundi lifted its position in Thryv by 54.9% in the first quarter. Amundi now owns 30,644 shares of the company's stock valued at $84,000 after purchasing an additional 10,860 shares during the period. Empowered Funds LLC lifted its holdings in shares of Thryv by 6.7% in the 1st 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 period. Finally, Lazard Asset Management LLC acquired a new stake in Thryv in the first quarter valued at $189,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Trading Down 0.5%

NASDAQ:THRY opened at $2.14 on Wednesday. Thryv has a 1 year low of $1.91 and a 1 year high of $13.94. The stock has a market cap of $95.10 million, a P/E ratio of -5.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50-day simple moving average of $3.75 and a 200-day simple moving average of $3.57.

Thryv (NASDAQ:THRY - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The business 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%. As a group, analysts anticipate that Thryv will post 0.55 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source