Royal Bank Of Canada Issues Pessimistic Forecast for Thryv (NASDAQ:THRY) Stock Price

Thryv (NASDAQ:THRY) had its price target lowered by stock analysts at Royal Bank Of Canada from $13.00 to $7.00 in a report issued on Friday, MarketBeat reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 74.35% from the company’s previous close.

THRY has been the topic of several other reports. Needham & Company LLC dropped their target price on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Craig Hallum downgraded shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research report on Friday, October 31st. Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. Finally, William Blair downgraded Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Two equities 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 stock. According to data from MarketBeat, Thryv has a consensus rating of “Hold” and an average target price of $11.50.

Thryv Stock Up 5.7%

Shares of Thryv stock traded up $0.22 during trading on Friday, hitting $4.02. The company’s stock had a trading volume of 202,897 shares, compared to its average volume of 834,754. Thryv has a 52 week low of $3.45 and a 52 week high of $20.92. The company has a market capitalization of $174.97 million, a PE ratio of 9.41 and a beta of 0.87. The company has a fifty day simple moving average of $5.12 and a two-hundred day simple moving average of $8.52. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15.

Hedge Funds Weigh In On Thryv

A number of institutional investors and hedge funds have recently made changes to their positions in THRY. Russell Investments Group Ltd. increased its holdings in Thryv by 2,516.8% during the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after buying an additional 2,995 shares during the last quarter. Tower Research Capital LLC TRC boosted 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 acquiring an additional 3,562 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Thryv during the 4th quarter valued at $59,000. Quarry LP grew its position in shares of 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 during the period. Finally, Quotient Wealth Partners LLC purchased a new stake in shares of Thryv in the 4th quarter worth $63,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

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.