Thryv (NASDAQ:THRY) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Thryv to “sell” from “hold,” while the broader analyst consensus remains “hold” with an average price target of $8.50.
• Thryv shares opened at $2.44, down 0.8%, and remain well below their 52-week high of $13.94. The company’s latest quarterly loss of $0.38 per share significantly missed the $0.10 loss estimate, despite revenue exceeding forecasts.
• Institutional investors own 96.38% of Thryv’s stock, with Goldman Sachs among the firms that increased its position during the first quarter.

Thryv (NASDAQ:THRY - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Several other analysts also recently issued reports on the company. Royal Bank Of Canada reduced their price target on Thryv from $4.00 to $3.00 and set a "sector perform" rating for the company in a research note on Wednesday. Zacks Research raised shares of Thryv from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Thryv in a research report on Friday, July 31st. Finally, Needham & Company LLC reiterated a "buy" rating on shares of Thryv in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Thryv currently has a consensus rating of "Hold" and an average price target of $8.50.

Thryv Stock Down 0.8%

Shares of THRY opened at $2.44 on Friday. Thryv has a 52 week low of $1.91 and a 52 week high of $13.94. The firm has a market cap of $108.43 million, a P/E ratio of -6.59 and a beta of 0.90. The firm's 50-day simple moving average is $3.83 and its 200 day simple moving average is $3.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.23 and a current ratio of 1.00.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.28). Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%.The company had revenue of $150.73 million for the quarter, compared to analyst estimates of $145.98 million. On average, analysts forecast that Thryv will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in Thryv by 11.0% in the 1st quarter. AQR Capital Management LLC now owns 69,842 shares of the company's stock valued at $895,000 after buying an additional 6,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Thryv by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company's stock valued at $288,000 after buying an additional 1,351 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Thryv by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company's stock worth $4,818,000 after acquiring an additional 119,167 shares during the period. Creative Planning bought a new stake in shares of Thryv during the 2nd quarter worth approximately $271,000. Finally, Rhumbline Advisers boosted its position in shares of Thryv by 6.6% during the 2nd quarter. Rhumbline Advisers now owns 109,034 shares of the company's stock worth $1,326,000 after acquiring an additional 6,773 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company's stock.

Thryv Company Profile

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