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Thryv Holdings, Inc. (NASDAQ:THRY) Receives Average Rating of “Buy” from Brokerages

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Thryv Holdings, Inc. shares received (NASDAQ:THRY) a consensus recommendation for a “buy” from the six analysts currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average one-year price target among brokers that issued ratings for the stock in the past year is $42.42.

THRY has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Thryv from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Thursday. B. Riley raised its price target for Thryv stock from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 12th.

NASDAQ Stocks: THRY opened at $33.30 on Friday. The company has a market capitalization of $1.13 billion, a price-earnings ratio of 5.56 and a beta of -0.04. The company has a debt-to-equity ratio of 1.78, a trading ratio of 1.22 and a quick ratio of 1.22. The company has a 50-day simple moving average of $37.38 and a 200-day simple moving average of $33.36. Thryv has a one-year low of $16.88 and a one-year high of $42.99.

Thryv (NASDAQ:THRY) released its latest quarterly earnings results on Thursday, November 11th. The company reported earnings of $0.95 per share (EPS) for the quarter, topping Thomson Reuters’ estimates of $0.76 by $0.19. The company generated $297.29 million in revenue for the quarter, compared to the consensus estimate of $259.18 million. Thrif’s net margin was 18.49% and return on equity was 88.76%. As a group, analysts expect Thryv to report 2.28 earnings per share for the current year.

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In other Thryv news, Mudrick Capital Management Director L. sold 50,000 shares of the company’s stock in a transaction on Monday, January 10th. The shares were sold at an average price of $36.00, with a total value of $1,8000.000.00. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 145,000 shares of company stock valued at $5,172,500 in the last 90 days. Corporate insiders own 59.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings in the company. Citigroup Inc boosted its stake in Thryv by 184.1% during the third quarter. Citigroup Inc. owns. Now, 875 shares of the company’s stock are valued at $26,000 after purchasing an additional 567 shares during the last quarter. Bank of America Corp DE boosted its stake in Thryv by 33.7% during the second quarter. Bank of America Corp. DE now owns 1,365 shares of the company’s stock, valued at $49,000 after purchasing an additional 344 shares during the last quarter. Deutsche Bank AG bought a new location in Thryv during the second quarter valued at approximately $144,000. American International Group Inc. Its position in Thryv increased by 15.7% in the third quarter. American International Group Inc. owns. Now 4,193 shares of the company’s stock are valued at $126,000 after acquiring an additional 568 shares during this period. Finally, the New York State Retirement Pool Fund bought a new stake in Thryv in the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 86.25% of the company’s stock.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools for small to medium-sized businesses (SMBs) in the United States. The company operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The SaaS segment provides Thryv, a customer experience platform for SMBs that integrates with Google; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.

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Analyst Recommendations for Thryv (NASDAQ:THRY)

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