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

Thryv (NASDAQ:THRY - Get Free Report)'s stock had its "buy" rating restated by Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They currently have a $28.00 price objective on the stock. Needham & Company LLC's price objective points to a potential upside of 81.35% from the stock's current price.

A number of other brokerages also recently issued reports on THRY. Craig Hallum began coverage on shares of Thryv in a report on Wednesday, October 2nd. They issued a "buy" rating and a $25.00 price target for the company. Robert W. Baird dropped their target price on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, November 8th.

Thryv Stock Performance

Shares of Thryv stock traded up $1.28 on Wednesday, reaching $15.44. 420,180 shares of the stock were exchanged, compared to its average volume of 321,642. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The business has a fifty day moving average price of $14.98 and a two-hundred day moving average price of $16.66. Thryv has a 1-year low of $13.06 and a 1-year high of $26.42. The firm has a market capitalization of $649.17 million, a PE ratio of -1.60 and a beta of 0.88.

Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts' consensus estimates of ($2.53) by ($0.12). The business had revenue of $179.85 million during the quarter, compared to analysts' expectations of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.78) earnings per share. As a group, research analysts anticipate that Thryv will post -2.24 earnings per share for the current fiscal year.

Institutional Trading of Thryv

Several large investors have recently modified their holdings of the business. Quarry LP grew its holdings in Thryv by 1,296.3% during the 3rd quarter. Quarry LP now owns 2,248 shares of the company's stock valued at $39,000 after buying an additional 2,087 shares during the last quarter. KBC Group NV boosted its stake in shares of Thryv by 97.8% during the 3rd quarter. KBC Group NV now owns 2,868 shares of the company's stock worth $49,000 after purchasing an additional 1,418 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Thryv during the second quarter worth about $100,000. XTX Topco Ltd acquired a new position in shares of Thryv in the second quarter valued at approximately $190,000. Finally, Riverwater Partners LLC acquired a new position in shares of Thryv in the third quarter valued at approximately $207,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.