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

Needham & Company LLC reaffirmed their buy rating on shares of Thryv (NASDAQ:THRY) in a research note issued to investors on Wednesday, Benzinga reports. Needham & Company LLC currently has a $28.00 target price on the stock.

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

Thryv Stock Performance

NASDAQ:THRY opened at $14.73 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.58. Thryv has a 12-month low of $13.74 and a 12-month high of $26.42. The stock has a 50-day moving average price of $17.47 and a 200 day moving average price of $18.86. The stock has a market capitalization of $534.74 million, a P/E ratio of -1.89 and a beta of 0.85.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. 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 prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities research analysts forecast that Thryv will post -1.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Thryv

Several institutional investors have recently added to or reduced their stakes in THRY. SageView Advisory Group LLC purchased a new position in Thryv during the 1st quarter valued at approximately $54,000. Point72 DIFC Ltd purchased a new position in Thryv during the 2nd quarter valued at approximately $100,000. Lazard Asset Management LLC purchased a new position in Thryv during the 1st quarter valued at approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Thryv by 78.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after buying an additional 3,303 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Thryv during the 2nd quarter valued at approximately $143,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

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.