Thryv (NASDAQ:THRY) Now Covered by Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Thryv (NASDAQ:THRY) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set a “sector perform” rating and a $17.00 price target on the stock. Royal Bank of Canada’s target price suggests a potential upside of 14.32% from the company’s current price.

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Thryv in a research note on Wednesday, January 15th.

Thryv Price Performance

Thryv stock opened at $14.87 on Thursday. Thryv has a 52-week low of $13.06 and a 52-week high of $26.42. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The firm’s fifty day moving average is $17.15 and its 200 day moving average is $16.38. The company has a market cap of $644.93 million, a price-to-earnings ratio of -1.54 and a beta of 0.90.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $183.02 million. Sell-side analysts forecast 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 company. XTX Topco Ltd boosted its stake in Thryv by 2.2% in the fourth quarter. XTX Topco Ltd now owns 29,665 shares of the company’s stock valued at $439,000 after acquiring an additional 633 shares in the last quarter. Summit Investment Advisors Inc. lifted 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 purchasing an additional 848 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Thryv by 18.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock worth $141,000 after purchasing an additional 1,500 shares in the last quarter. Corebridge Financial Inc. boosted its position in shares of Thryv by 8.9% in the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company’s stock worth $296,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock worth $169,000 after buying an additional 1,715 shares during the last quarter. 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.