Needham & Company LLC Issues Pessimistic Forecast for Thryv (NASDAQ:THRY) Stock Price

Thryv (NASDAQ:THRY) had its price objective cut by stock analysts at Needham & Company LLC from $28.00 to $20.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 46.95% from the company’s current price.

Other research analysts have also issued research reports about the company. B. Riley reduced their price objective on Thryv from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada started coverage on Thryv in a report on Thursday, March 27th. They set a “sector perform” rating and a $17.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Thryv currently has a consensus rating of “Moderate Buy” and an average target price of $21.40.

Thryv Stock Performance

Shares of Thryv stock opened at $13.61 on Thursday. Thryv has a 12 month low of $10.03 and a 12 month high of $24.57. The firm has a market capitalization of $595.18 million, a P/E ratio of -1.41 and a beta of 1.03. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The business has a fifty day simple moving average of $13.82 and a two-hundred day simple moving average of $15.35.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.46). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business had revenue of $181.37 million for the quarter, compared to the consensus estimate of $173.83 million. During the same period in the previous year, the firm earned $0.22 EPS. The company’s revenue was down 22.3% on a year-over-year basis. On average, equities analysts forecast that Thryv will post -2.24 earnings per share for the current fiscal year.

Institutional Trading of Thryv

A number of institutional investors and hedge funds have recently modified their holdings of THRY. XTX Topco Ltd boosted its position in shares of Thryv by 2.2% during the fourth quarter. XTX Topco Ltd now owns 29,665 shares of the company’s stock valued at $439,000 after buying an additional 633 shares during the last quarter. Summit Investment Advisors Inc. boosted 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 valued at $58,000 after acquiring an additional 848 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Thryv by 4.5% during the 1st quarter. New York State Common Retirement Fund now owns 29,974 shares of the company’s stock valued at $384,000 after acquiring an additional 1,300 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Thryv by 18.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock worth $141,000 after acquiring an additional 1,500 shares during the period. Finally, Corebridge Financial Inc. raised its holdings in shares of Thryv by 8.9% during the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company’s stock valued at $296,000 after purchasing an additional 1,631 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

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.