Thryv (NASDAQ:THRY) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Thryv (NASDAQ:THRY) in a research report report published on Friday morning, Benzinga reports. They currently have a $28.00 price target on the stock.

Thryv Stock Performance

NASDAQ THRY opened at $18.13 on Friday. The company has a market capitalization of $649.60 million, a PE ratio of -2.41 and a beta of 0.83. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.15 and a current ratio of 1.14. Thryv has a 52-week low of $15.99 and a 52-week high of $26.42. The company has a 50-day simple moving average of $18.85 and a 200 day simple moving average of $20.59.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15). Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. The company had revenue of $233.62 million during the quarter, compared to the consensus estimate of $226.66 million. During the same period last year, the firm posted $0.25 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, research analysts predict that Thryv will post 0.25 EPS for the current year.

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh bought 2,500 shares of Thryv stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $21.11 per share, for a total transaction of $52,775.00. Following the completion of the purchase, the chief executive officer now directly owns 500,567 shares of the company’s stock, valued at $10,566,969.37. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Thryv

Hedge funds have recently made changes to their positions in the stock. Harspring Capital Management LLC increased its position in shares of Thryv by 23.2% during the fourth quarter. Harspring Capital Management LLC now owns 345,000 shares of the company’s stock valued at $7,021,000 after buying an additional 65,000 shares during the period. Blair William & Co. IL purchased a new stake in Thryv in the 1st quarter worth approximately $4,039,000. LB Partners LLC bought a new position in Thryv in the 4th quarter valued at $1,018,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Thryv by 26.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 624,728 shares of the company’s stock worth $12,713,000 after purchasing an additional 130,107 shares during the period. Finally, Swiss National Bank boosted its stake in Thryv by 1.7% during the first quarter. Swiss National Bank now owns 65,900 shares of the company’s stock valued at $1,465,000 after buying an additional 1,100 shares during the period. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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.