Thryv (NASDAQ:THRY) Coverage Initiated at Craig Hallum

Investment analysts at Craig Hallum assumed coverage on shares of Thryv (NASDAQ:THRY) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $25.00 price target on the stock. Craig Hallum’s price target points to a potential upside of 50.97% from the company’s previous close.

Separately, Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Thryv in a research report on Friday, August 2nd.

Thryv Stock Performance

Shares of THRY opened at $16.56 on Wednesday. The company’s 50 day moving average price is $17.89 and its 200 day moving average price is $19.64. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.14 and a current ratio of 1.14. Thryv has a 52 week low of $15.82 and a 52 week high of $26.42. The company has a market capitalization of $593.36 million, a PE ratio of -2.20 and a beta of 0.81.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, August 1st. The company reported $0.15 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 during the quarter, compared to the consensus estimate of $221.78 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s revenue was down 10.9% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in Thryv by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 423,710 shares of the company’s stock valued at $9,420,000 after purchasing an additional 1,306 shares in the last quarter. Harspring Capital Management LLC lifted its position in shares of Thryv by 7.7% during the second quarter. Harspring Capital Management LLC now owns 420,000 shares of the company’s stock worth $7,484,000 after purchasing an additional 30,000 shares in the last quarter. Brooktree Capital Management grew its stake in shares of Thryv by 5.9% during the first quarter. Brooktree Capital Management now owns 379,898 shares of the company’s stock valued at $8,445,000 after purchasing an additional 21,276 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Thryv by 95.8% in the second quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock valued at $6,340,000 after purchasing an additional 174,090 shares in the last quarter. Finally, S Squared Technology LLC raised its position in Thryv by 13.5% in the 4th quarter. S Squared Technology LLC now owns 252,383 shares of the company’s stock worth $5,136,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds 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.