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

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THRY (NASDAQ: THRY) Zacks Investment Research upgraded from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, 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.


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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.

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Analyst Recommendations for Thryv (NASDAQ:THRY)

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