Thryv’s (THRY) Buy Rating Reiterated at Needham & Company LLC

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports. They presently have a $28.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 97.74% from the company’s previous close.

Several other equities research analysts also recently weighed in on THRY. Craig Hallum began coverage on Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective on the stock. Robert W. Baird cut their price target on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th.

Thryv Stock Down 0.6 %

Shares of NASDAQ THRY opened at $14.16 on Wednesday. The company has a market cap of $595.36 million, a price-to-earnings ratio of -1.46 and a beta of 0.88. 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 $13.06 and a 12 month high of $26.42. The stock has a 50-day moving average price of $14.98 and a two-hundred day moving average price of $16.66.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.12). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. During the same period in the previous year, the company earned ($0.78) EPS. Thryv’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, analysts forecast that Thryv will post -2.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thryv

A number of hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in shares of Thryv by 1.3% in the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock worth $93,486,000 after acquiring an additional 71,174 shares in the last quarter. State Street Corp increased its stake in Thryv by 2.0% during the 3rd 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. Harspring Capital Management LLC grew its holdings in shares of Thryv by 51.2% during the third quarter. Harspring Capital Management LLC now owns 635,000 shares of the company’s stock valued at $10,941,000 after buying an additional 215,000 shares during the last quarter. Brooktree Capital Management increased its position in shares of Thryv by 7.1% during the third quarter. Brooktree Capital Management now owns 407,730 shares of the company’s stock worth $7,025,000 after acquiring an additional 27,018 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Thryv by 95.8% in the second quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock worth $6,340,000 after purchasing an additional 174,090 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.