Thryv (NASDAQ:THRY) Now Covered by Analysts at Royal Bank of Canada

Analysts at Royal Bank of Canada started coverage on shares of Thryv (NASDAQ:THRY) in a research report issued on Thursday, Marketbeat reports. The brokerage set a “sector perform” rating and a $17.00 price target on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 26.39% from the stock’s previous close.

Separately, Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Thryv in a research report on Wednesday, January 15th.

Thryv Price Performance

Shares of NASDAQ:THRY opened at $13.45 on Thursday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $583.34 million, a PE ratio of -1.39 and a beta of 0.90. The stock has a fifty day moving average of $17.07 and a 200-day moving average of $16.34. Thryv has a one year low of $13.06 and a one year high of $26.42.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.26. The business had revenue of $186.60 million during the quarter, compared to the consensus estimate of $183.02 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. As a group, equities analysts anticipate that Thryv will post -2.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quarry LP increased its holdings in shares of Thryv by 1,296.3% in the 3rd quarter. Quarry LP now owns 2,248 shares of the company’s stock valued at $39,000 after purchasing an additional 2,087 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in Thryv during the fourth quarter valued at approximately $44,000. Summit Investment Advisors Inc. increased its stake in Thryv by 27.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock valued at $58,000 after buying an additional 848 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Thryv in the 4th quarter worth approximately $92,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after buying an additional 1,500 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.