Thryv (NASDAQ:THRY) Stock Rating Upgraded by Wall Street Zen

Key Points

• Thryv has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive outlook for the company amidst various research reports.
• The company's earnings report showed a miss on EPS expectations, reporting $0.31 compared to the consensus estimate of $0.40, alongside a decline in revenue of 6.1% year-over-year.
• Insider trading activity includes CEO Joe Walsh acquiring 5,000 shares at $13.40, indicating confidence in the company as insiders hold 9.88% of shares.

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

THRY has been the subject of several other research reports. Royal Bank Of Canada dropped their price objective on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. B. Riley dropped their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC dropped their target price on shares of Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.40.

Thryv Price Performance

Shares of THRY traded up $0.15 on Friday, hitting $13.51. The company's stock had a trading volume of 368,485 shares, compared to its average volume of 501,723. The company has a market capitalization of $593.63 million, a PE ratio of -5.70 and a beta of 0.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20. Thryv has a fifty-two week low of $10.02 and a fifty-two week high of $20.92. The company has a 50 day moving average price of $12.72 and a 200 day moving average price of $14.25.

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

Insider Activity

In other news, CEO Joe Walsh purchased 8,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was 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 directly owned 592,232 shares of the company's stock, valued at approximately $7,639,792.80. This represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.88% of the stock is owned by company insiders.

Hedge Funds Weigh In On Thryv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. boosted its stake in 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 during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Thryv during the 4th quarter worth about $92,000. CWM LLC boosted its stake in shares of Thryv by 567.6% during the 2nd quarter. CWM LLC now owns 8,338 shares of the company's stock worth $101,000 after buying an additional 7,089 shares during the last quarter. Clarus Group Inc. acquired a new position in shares of Thryv during the 1st quarter worth about $134,000. Finally, Arizona State Retirement System acquired a new position in shares of Thryv during the 1st quarter worth about $146,000. 96.38% of the stock is owned by institutional investors and hedge funds.

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.