Needham & Company LLC Reaffirms “Buy” Rating for Thryv (NASDAQ:THRY)

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $28.00 price target on the stock. Needham & Company LLC’s price target would indicate a potential upside of 146.05% from the stock’s previous close.

Separately, Royal Bank of Canada assumed 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 Price Performance

Shares of NASDAQ:THRY opened at $11.38 on Thursday. The stock has a market capitalization of $493.56 million, a P/E ratio of -1.18 and a beta of 1.03. The business has a 50-day moving average of $15.79 and a two-hundred day moving average of $15.81. Thryv has a fifty-two week low of $10.03 and a fifty-two week high of $26.42. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts predict that Thryv will post -2.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP grew its stake in shares of Thryv by 1,296.3% in the third quarter. Quarry LP now owns 2,248 shares of the company’s stock worth $39,000 after acquiring an additional 2,087 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in Thryv in the 4th quarter worth $44,000. Summit Investment Advisors Inc. increased its holdings in shares of Thryv by 27.7% during 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 during the period. KLP Kapitalforvaltning AS bought a new position in shares of Thryv during the 4th quarter worth about $92,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Thryv by 18.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after buying an additional 1,500 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.