After Robert W. Baird and Needham gave Thryv Holdings (NASDAQ: THRY) a Buy rating last month, the company received another Buy, this time from William Blair. Analyst Arjun Bhatia reiterated a Buy rating on Thryv Holdings yesterday. The company’s shares closed last Wednesday at $28.87.
According to TipRanks.com, Bhatia is a 1-star analyst with an average return of -2.5% and a 22.6% success rate. Bhatia covers the Technology sector, focusing on stocks such as Smartsheet, Liveperson, and Appian.
Currently, the analyst consensus on Thryv Holdings is a Strong Buy with an average price target of $43.33, implying a 51.9% upside from current levels. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $42.00 price target.
The company has a one-year high of $42.99 and a one-year low of $23.01. Currently, Thryv Holdings has an average volume of 199.8K.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of THRY in relation to earlier this year.
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Thryv Holdings Inc provides digital marketing services and software as service(SaaS) management tools to small and mid-sized businesses. The company operates in two reportable segments which include Marketing services and SaaS. The majority of the revenue is generated from the Marketing services which include Print yellow pages(PYP), Internet yellow pages(IYP), Search Engine Optimization(SEM), and other digital media solutions including display advertising, SEO tools, and stand-alone websites. SaaS segment consists of the Thryv platform and Thryv Leads and add-ons.
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