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

Needham & Company LLC reissued their buy rating on shares of Thryv (NASDAQ:THRY - Free Report) in a research note published on Thursday,Benzinga reports. Needham & Company LLC currently has a $28.00 price objective on the stock.

Separately, Royal Bank of Canada initiated coverage on Thryv in a research report on Thursday, March 27th. They set a "sector perform" rating and a $17.00 price target on the stock.

Thryv Trading Down 2.7 %

NASDAQ THRY traded down $0.31 on Thursday, hitting $11.28. The company's stock had a trading volume of 155,841 shares, compared to its average volume of 479,100. The firm has a market cap of $489.22 million, a PE ratio of -1.17 and a beta of 1.03. Thryv has a 1-year low of $10.02 and a 1-year high of $26.42. The company's 50-day moving average is $15.65 and its 200 day moving average is $15.76. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.26. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business had revenue of $186.60 million for the quarter, compared to analysts' expectations of $183.02 million. As a group, analysts predict that Thryv will post -2.24 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Thryv

Several hedge funds have recently made changes to their positions in THRY. Quarry LP boosted its holdings in Thryv by 1,296.3% in the third quarter. Quarry LP now owns 2,248 shares of the company's stock valued at $39,000 after acquiring an additional 2,087 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in Thryv during the 4th quarter valued at approximately $44,000. Summit Investment Advisors Inc. grew 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 worth $58,000 after acquiring an additional 848 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Thryv during the 4th quarter worth approximately $92,000. Finally, Oregon Public Employees Retirement Fund raised 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 acquiring an additional 1,500 shares in the last quarter. 96.38% of the stock is 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.