Thryv (NASDAQ:THRY) Given Buy Rating at Needham & Company LLC

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research note issued to investors on Friday,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 132.37% from the stock’s previous close.

Separately, Royal Bank of Canada began coverage on shares of Thryv in a research report on Thursday, March 27th. They issued a “sector perform” rating and a $17.00 price target for the company.

Thryv Trading Down 8.1 %

Shares of Thryv stock opened at $12.05 on Friday. The stock has a market capitalization of $522.62 million, a PE ratio of -1.25 and a beta of 0.90. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day simple moving average is $16.80 and its 200-day simple moving average is $16.21. Thryv has a 1-year low of $11.98 and a 1-year high of $26.42.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results 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 analysts’ expectations of $183.02 million. As a group, equities analysts anticipate that Thryv will post -2.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Thryv by 1.3% during the third quarter. FMR LLC now owns 5,425,792 shares of the company’s stock valued at $93,486,000 after buying an additional 71,174 shares during the last quarter. Paulson & CO. Inc. grew its stake in Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock valued at $63,344,000 after acquiring an additional 2,280,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock valued at $44,155,000 after acquiring an additional 548,864 shares during the last quarter. Samjo Management LLC boosted its holdings in shares of Thryv by 7.7% during the 4th quarter. Samjo Management LLC now owns 2,249,345 shares of the company’s stock valued at $33,290,000 after purchasing an additional 160,185 shares during the last quarter. Finally, State Street Corp grew its position in shares of Thryv by 2.0% during the third quarter. State Street Corp now owns 1,159,541 shares of the company’s stock valued at $19,979,000 after purchasing an additional 22,460 shares in the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.