Analysts Set Thryv Holdings, Inc. (NASDAQ:THRY) Price Target at $9.50

Thryv Holdings, Inc. (NASDAQ:THRY) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.50.

THRY has been the topic of a number of analyst reports. Weiss Ratings raised Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th.

Institutional Trading of Thryv

Several large investors have recently added to or reduced their stakes in THRY. Russell Investments Group Ltd. grew its stake in Thryv by 2,516.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after acquiring an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Thryv by 526.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after acquiring an additional 3,562 shares in the last quarter. Quarry LP grew its stake in Thryv by 787.2% during the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after acquiring an additional 4,495 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Thryv by 98.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock valued at $68,000 after acquiring an additional 2,764 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Thryv during the 3rd quarter valued at about $107,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Trading Up 13.0%

Shares of THRY opened at $4.18 on Tuesday. The business’s 50-day moving average price is $3.65 and its 200 day moving average price is $4.04. The stock has a market capitalization of $185.38 million, a P/E ratio of 13.06 and a beta of 0.93. Thryv has a 1-year low of $1.91 and a 1-year high of $14.28. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. The firm had revenue of $167.68 million for the quarter, compared to analysts’ expectations of $161.69 million. Thryv had a return on equity of 6.58% and a net margin of 1.88%. Analysts expect that Thryv will post 0.55 earnings per share for the current 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.