Needham & Company LLC Reiterates "Buy" Rating for Thryv (NASDAQ:THRY)

Thryv (NASDAQ:THRY - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports. They currently have a $28.00 price target on the stock. Needham & Company LLC's target price points to a potential upside of 95.67% from the company's previous close.

Separately, Craig Hallum initiated coverage on shares of Thryv in a research note on Wednesday, October 2nd. They set a "buy" rating and a $25.00 target price on the stock.

Thryv Price Performance

THRY stock traded down $4.03 during trading on Wednesday, reaching $14.31. The company's stock had a trading volume of 3,977,193 shares, compared to its average volume of 212,483. The company has a market capitalization of $519.50 million, a P/E ratio of -1.83 and a beta of 0.81. The company's fifty day moving average is $17.62 and its 200-day moving average is $18.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58. Thryv has a 1 year low of $14.07 and a 1 year high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). The company had revenue of $224.08 million for the quarter, compared to the consensus estimate of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business's revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS.

Institutional Trading of Thryv

Several institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Thryv by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 423,710 shares of the company's stock valued at $9,420,000 after purchasing an additional 1,306 shares during the period. Harspring Capital Management LLC raised its holdings in shares of Thryv by 7.7% during the second quarter. Harspring Capital Management LLC now owns 420,000 shares of the company's stock worth $7,484,000 after purchasing an additional 30,000 shares during the period. Brooktree Capital Management increased its holdings in shares of Thryv by 5.9% in the 1st quarter. Brooktree Capital Management now owns 379,898 shares of the company's stock worth $8,445,000 after acquiring an additional 21,276 shares during the period. Blair William & Co. IL increased its holdings in shares of Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company's stock worth $6,340,000 after acquiring an additional 174,090 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Thryv by 182.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company's stock worth $3,797,000 after acquiring an additional 142,434 shares during the period. Hedge funds and other 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.