Needham & Company LLC Reiterates Buy Rating for Thryv (NASDAQ:THRY)

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $28.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 97.74% from the company’s current price.

Several other analysts also recently issued reports on THRY. Robert W. Baird dropped their price target on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Craig Hallum started coverage on Thryv in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target for the company.

Thryv Stock Down 0.6 %

Shares of THRY opened at $14.16 on Wednesday. The business’s fifty day moving average price is $14.98 and its two-hundred day moving average price is $16.66. The firm has a market capitalization of $595.36 million, a price-to-earnings ratio of -1.46 and a beta of 0.88. Thryv has a 52 week low of $13.06 and a 52 week high of $26.42. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.12). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business had revenue of $179.85 million for the quarter, compared to analyst estimates of $179.24 million. During the same quarter in the prior year, the firm earned ($0.78) EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, analysts predict that Thryv will post -2.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of THRY. Quarry LP lifted 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 purchasing an additional 2,087 shares during the last quarter. KBC Group NV increased its position in Thryv by 97.8% during the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after acquiring an additional 1,418 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Thryv in the second quarter valued at approximately $100,000. XTX Topco Ltd bought a new stake in shares of Thryv during the 2nd quarter valued at $190,000. Finally, Riverwater Partners LLC bought a new position in shares of Thryv in the third quarter worth $207,000. 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.