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

Royal Bank of Canada assumed coverage on shares of Thryv (NASDAQ:THRY) in a research note released on Thursday, Marketbeat Ratings reports. The firm issued a sector perform rating and a $17.00 price objective on the stock.

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

Thryv Stock Down 2.9 %

THRY stock opened at $14.44 on Thursday. The company has a market cap of $626.28 million, a PE ratio of -1.49 and a beta of 0.90. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv has a 52 week low of $13.06 and a 52 week high of $26.42. The business has a 50-day simple moving average of $17.12 and a 200 day simple moving average of $16.37.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.26. The firm had revenue of $186.60 million for 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%. Sell-side analysts anticipate that Thryv will post -2.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Thryv

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