Digital Marketing Company for Sale

Thryv (NASDAQ:THRY) Upgraded to “Buy” at Zacks Investment Research

Thryv logo
Written by publishing team

THRY (NASDAQ: THRY) Zacks Investment Research upgraded from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The company currently has a price target of $41.00 per share. Zacks Investment Research’s price target indicates a potential upside of 16.84% from the company’s previous close.

According to Zacks, “Thryv Holdings Inc. provides small to medium-sized businesses with digital and print marketing solutions, software as a service, and comprehensive customer experience tools. Thryv Holdings Inc. is headquartered in Dallas.”

Separately, B. Riley boosted its price target on Thryv from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 12th. Six stock research analysts have rated the stock with a buy rating, based on data from MarketBeat, the stock currently has an average rating of “buy” and an average price target of $42.42.

NASDAQ THRY opened at $35.09 on Thursday. The stock has a market capitalization of $1.19 billion, a price-earnings ratio of 5.86 and a beta of -0.03. Thryv has a one-year low of $16.88 and a one-year high of $42.99. 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’s 50-day moving average is $37.34 and its 200-day moving average is $33.38.

Thryv (NASDAQ:THRY) announced its quarterly earnings data on Thursday, November 11th. The company reported earnings of $0.95 per share (EPS) for the quarter, topping Zacks’ consolidated estimate of $0.76 by $0.19. Thryv had a return on equity of 88.76% and a net margin of 18.49%. The company generated $297.29 million in revenue for the previous quarter, compared to analysts’ expectations of $259.18 million. Research analysts expect Thryv to post 2.84 earnings per share for the current fiscal year.

(ad)

As the United States relies on China for its most important resource, we use it in our military, electric vehicles, and power grid… The United States faces a “national lithium emergency.” They’re pumping out hundreds of millions to spice up our lithium production. A local lithium exploration company just saw 11,700 acres of mineral claims in Nevada…

In other Thryv news, Director of Mudrick Capital Management, L. sold 50,000 shares of Thryv stock in a transaction dated Monday, January 10th. The stock sold at an average price of $36.00, bringing the total transaction to $1,800,000.00. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 145,000 shares of company stock valued at $5,172,500 in the last ninety days. Insiders own 59.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings in the company. Citigroup Inc. grew its stake in Thryv shares by 184.1% during the 3rd quarter. Citigroup Inc. owns. Now 875 shares of the company’s stock are valued at $26,000 after purchasing an additional 567 shares in the last quarter. Bank of America Corp DE raised its position in Thryv by 33.7% in 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 stake in Thryv in 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 $125,000 after purchasing an additional 568 shares during the last quarter. Finally, the New York State Retirement Pool Fund bought a new stake in Thryv in the second quarter valued at approximately $200,000. 85.42% of the shares are owned by investment institutions.

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.

Recommended story: Book value per share – BVPS

Get a Free Copy of Zacks Research Report on Thryv (THRY)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Analyst Recommendations for Thryv (NASDAQ:THRY)

This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Thryv now?

Before you even think about Thryv, you’ll want to hear this.

MarketBeat tracks the top-rated and best performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Thryv wasn’t on the list.

While Thryv currently has a “buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View stock 5 here

.

About the author

publishing team