Brokerages Set Thryv Holdings, Inc. (NASDAQ:THRY) Target Price at $13.00

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several brokerages have recently commented on THRY. Zacks Research cut Thryv from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada decreased their price objective on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Wall Street Zen cut Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. B. Riley reduced their price target on shares of Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Needham & Company LLC lowered their price objective on shares of Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of $6.51 per share, for a total transaction of $162,750.00. Following the completion of the acquisition, the chief executive officer owned 610,232 shares of the company’s stock, valued at approximately $3,972,610.32. This represents a 4.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 27,000 shares of company stock valued at $189,360 over the last 90 days. Corporate insiders own 9.88% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Thryv by 2.4% during the first quarter. Principal Financial Group Inc. now owns 201,186 shares of the company’s stock worth $2,577,000 after buying an additional 4,664 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Thryv by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 216,677 shares of the company’s stock valued at $2,776,000 after acquiring an additional 10,176 shares during the last quarter. Arizona State Retirement System acquired a new position in Thryv in the first quarter valued at about $146,000. New York State Common Retirement Fund grew its holdings in shares of Thryv by 4.5% in the 1st quarter. New York State Common Retirement Fund now owns 29,974 shares of the company’s stock valued at $384,000 after buying an additional 1,300 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Thryv in the first quarter worth about $30,209,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Price Performance

THRY stock opened at $5.88 on Monday. Thryv has a one year low of $5.85 and a one year high of $20.92. The firm has a 50-day moving average of $10.69 and a two-hundred day moving average of $12.22. The firm has a market capitalization of $256.25 million, a PE ratio of 14.34 and a beta of 0.89. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.17.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.30). Thryv had a net margin of 2.29% and a return on equity of 8.64%. The firm had revenue of $201.56 million for the quarter, compared to analyst estimates of $200.81 million. During the same quarter in the prior year, the firm earned ($2.65) EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that Thryv will post -2.24 earnings per share for the current year.

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.