Thryv (NASDAQ:THRY) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Thryv (NASDAQ:THRY) in a research note published on Wednesday, Benzinga reports. They currently have a $28.00 price target on the stock.

Separately, Craig Hallum began coverage on Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective for the company.

Thryv Price Performance

THRY opened at $14.73 on Wednesday. The business has a fifty day moving average of $17.47 and a 200 day moving average of $18.86. Thryv has a 52-week low of $13.74 and a 52-week high of $26.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58. The stock has a market cap of $534.74 million, a P/E ratio of -1.89 and a beta of 0.85.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business had revenue of $224.08 million for the quarter, compared to analysts’ expectations of $221.78 million. During the same quarter in the previous year, the firm earned $0.43 EPS. Thryv’s revenue was down 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thryv will post -1.05 EPS for the current year.

Institutional Investors Weigh In On Thryv

Several hedge funds have recently made changes to their positions in THRY. SageView Advisory Group LLC purchased a new stake in shares of Thryv in the 1st quarter worth $54,000. Point72 DIFC Ltd purchased a new stake in shares of Thryv in the 2nd quarter worth $100,000. Lazard Asset Management LLC purchased a new stake in shares of Thryv in the 1st quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock worth $134,000 after buying an additional 3,303 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Thryv in the 2nd quarter worth $143,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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.