Thryv (NASDAQ:THRY) Cut to "Hold" at Wall Street Zen

Key Points

• Thryv was downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, indicating a more cautious outlook on the stock's performance.
• Royal Bank Of Canada also lowered its target price for Thryv from $17.00 to $16.00, further reflecting a shift in analyst sentiment regarding the company's future.
• The company's recent earnings report revealed an EPS miss of $0.31 compared to the consensus estimate of $0.40, alongside a year-over-year revenue decline of 6.1%.

Wall Street Zen downgraded shares of Thryv (NASDAQ:THRY - Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.

Separately, Royal Bank Of Canada decreased their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Thryv Stock Down 1.1%

NASDAQ THRY traded down $0.14 during trading hours on Friday, hitting $12.28. The company had a trading volume of 237,144 shares, compared to its average volume of 499,121. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20. The firm's 50 day moving average is $12.72 and its 200 day moving average is $13.59. The company has a market capitalization of $539.58 million, a price-to-earnings ratio of -5.18 and a beta of 0.94. Thryv has a fifty-two week low of $10.02 and a fifty-two week high of $20.92.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The business had revenue of $210.47 million during the quarter, compared to analysts' expectations of $203.87 million. Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. The company's revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Thryv will post -2.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Joe Walsh bought 8,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was bought at an average price of $12.90 per share, for a total transaction of $103,200.00. Following the transaction, the chief executive officer directly owned 592,232 shares in the company, valued at $7,639,792.80. This represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have purchased 10,814 shares of company stock valued at $139,838. 9.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Thryv

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Sector Pension Investment Board boosted its position in Thryv by 9.6% during the second quarter. Public Sector Pension Investment Board now owns 140,213 shares of the company's stock valued at $1,705,000 after purchasing an additional 12,339 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Thryv by 526.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company's stock worth $52,000 after purchasing an additional 3,562 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Thryv by 19.5% during the 2nd quarter. Vident Advisory LLC now owns 32,057 shares of the company's stock valued at $390,000 after buying an additional 5,242 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Thryv by 98.5% in the second quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company's stock worth $68,000 after buying an additional 2,764 shares during the last quarter. Finally, Luxor Capital Group LP increased its holdings in Thryv by 10.4% in the second quarter. Luxor Capital Group LP now owns 382,130 shares of the company's stock worth $4,647,000 after buying an additional 35,870 shares during the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

About Thryv

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.