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

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a report released on Friday,Benzinga reports. They presently have a $28.00 price objective on the stock. Needham & Company LLC’s target price would suggest a potential upside of 154.31% from the stock’s previous close.

Separately, Royal Bank of Canada started coverage on shares of Thryv in a report on Thursday, March 27th. They issued a “sector perform” rating and a $17.00 target price on the stock.

Thryv Stock Performance

Shares of THRY opened at $11.01 on Friday. The firm has a market capitalization of $477.51 million, a PE ratio of -1.14 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The firm has a 50-day moving average price of $16.69 and a 200 day moving average price of $16.14. Thryv has a 52-week low of $10.64 and a 52-week high of $26.42.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.26. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $186.60 million during the quarter, compared to analyst estimates of $183.02 million. On average, sell-side analysts anticipate that Thryv will post -2.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thryv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its position in Thryv by 1.3% during the third quarter. FMR LLC now owns 5,425,792 shares of the company’s stock valued at $93,486,000 after buying an additional 71,174 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Thryv by 4.3% in the third quarter. Public Sector Pension Investment Board now owns 72,374 shares of the company’s stock worth $1,247,000 after purchasing an additional 3,000 shares in the last quarter. Centiva Capital LP boosted its holdings in shares of Thryv by 31.5% during the third quarter. Centiva Capital LP now owns 14,778 shares of the company’s stock worth $255,000 after purchasing an additional 3,538 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Thryv by 143.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 27,277 shares of the company’s stock valued at $470,000 after purchasing an additional 16,077 shares in the last quarter. Finally, Quarry LP increased its stake in 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 buying an additional 2,087 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Company Profile

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.