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

Wall Street Zen cut shares of Thryv (NASDAQ:THRY) from a buy rating to a hold rating in a report released on Saturday morning.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC decreased their price objective on shares of Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada reduced their price target on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. Finally, B. Riley Financial decreased their target price on Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.00.

Thryv Price Performance

NASDAQ:THRY opened at $3.62 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.15. The company has a 50 day moving average price of $5.26 and a 200-day moving average price of $8.65. Thryv has a 1-year low of $3.51 and a 1-year high of $20.92. The firm has a market cap of $157.76 million, a price-to-earnings ratio of 8.83 and a beta of 0.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Thryv by 2,516.8% during the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after buying an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Thryv by 526.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after acquiring an additional 3,562 shares during 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 raised its holdings in Thryv by 98.5% in 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 during the last quarter. Finally, State of Wyoming acquired a new stake in Thryv in the 3rd quarter valued at about $82,000. Hedge funds and other institutional investors 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.