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

Wall Street Zen cut shares of Thryv (NASDAQ:THRY) from a hold rating to a sell rating in a research note published on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Thryv in a research report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a research report on Friday, July 31st. Royal Bank Of Canada decreased their price target on Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.50.

Thryv Trading Down 11.9%

NASDAQ THRY opened at $2.15 on Friday. The firm’s 50-day moving average is $3.79 and its two-hundred day moving average is $3.59. Thryv has a 12 month low of $1.91 and a 12 month high of $13.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $95.55 million, a P/E ratio of -5.81 and a beta of 0.90.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.28). The company had revenue of $150.73 million for the quarter, compared to analyst estimates of $145.98 million. Thryv had a negative net margin of 2.27% and a negative return on equity of 7.36%. On average, sell-side analysts anticipate that Thryv will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in THRY. Massachusetts Financial Services Co. MA boosted its holdings in Thryv by 27.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock valued at $17,078,000 after purchasing an additional 602,127 shares during the period. Paulson & CO. Inc. increased its holdings in Thryv by 94.2% during the 1st quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock worth $23,136,000 after purchasing an additional 4,096,765 shares during the period. Luxor Capital Group LP raised its position in Thryv by 36.5% in the 1st quarter. Luxor Capital Group LP now owns 1,131,235 shares of the company’s stock valued at $3,100,000 after purchasing an additional 302,300 shares in the last quarter. Brooktree Capital Management raised its position in Thryv by 61.5% in the 4th quarter. Brooktree Capital Management now owns 1,358,938 shares of the company’s stock valued at $8,222,000 after purchasing an additional 517,597 shares in the last quarter. Finally, Wittenberg Investment Management Inc. boosted its stake in shares of Thryv by 331.1% in the 4th quarter. Wittenberg Investment Management Inc. now owns 395,234 shares of the company’s stock valued at $2,391,000 after buying an additional 303,550 shares during the period. 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.