Thryv (NASDAQ:THRY) Price Target Cut to $26.00 by Analysts at B. Riley

Thryv (NASDAQ:THRY) had its price objective trimmed by B. Riley from $30.00 to $26.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

THRY has been the subject of several other reports. Royal Bank of Canada assumed coverage on shares of Thryv in a research report on Thursday, March 27th. They set a “sector perform” rating and a $17.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.20.

Thryv Trading Up 1.1 %

NASDAQ:THRY opened at $11.90 on Tuesday. The stock has a fifty day moving average price of $14.75 and a 200 day moving average price of $15.55. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv has a 12-month low of $10.03 and a 12-month high of $26.42. The firm has a market cap of $516.11 million, a PE ratio of -1.23 and a beta of 1.03.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.19 EPS for the quarter, topping 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 business had revenue of $186.60 million during the quarter, compared to the consensus estimate of $183.02 million. Sell-side analysts anticipate that Thryv will post -2.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thryv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Thryv during the fourth quarter worth about $44,000. Summit Investment Advisors Inc. lifted its holdings in shares of Thryv by 27.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock valued at $58,000 after purchasing an additional 848 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Thryv in the 4th quarter valued at about $92,000. Oregon Public Employees Retirement Fund grew its stake in Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock worth $141,000 after buying an additional 1,500 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Thryv during the fourth quarter worth approximately $167,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.