Robert W. Baird Cuts Thryv (NASDAQ:THRY) Price Target to $20.00

Thryv (NASDAQ:THRY - Free Report) had its price target decreased by Robert W. Baird from $25.00 to $20.00 in a research report sent to investors on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, October 30th. Craig Hallum started coverage on shares of Thryv in a report on Wednesday, October 2nd. They set a "buy" rating and a $25.00 target price for the company.

Thryv Stock Performance

Shares of THRY traded down $0.78 on Friday, reaching $14.36. The company's stock had a trading volume of 571,503 shares, compared to its average volume of 236,462. The stock's 50 day simple moving average is $17.20 and its two-hundred day simple moving average is $18.69. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $521.27 million, a P/E ratio of -1.89 and a beta of 0.85. Thryv has a 12-month low of $13.74 and a 12-month high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The firm had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.78) EPS. Research analysts forecast that Thryv will post -2.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thryv

A number of hedge funds have recently modified their holdings of THRY. Empowered Funds LLC grew its stake in shares of Thryv by 8.2% in the 1st quarter. Empowered Funds LLC now owns 171,478 shares of the company's stock valued at $3,812,000 after buying an additional 12,950 shares during the period. Swiss National Bank grew its holdings in shares of Thryv by 1.7% during the 1st quarter. Swiss National Bank now owns 65,900 shares of the company's stock worth $1,465,000 after purchasing an additional 1,100 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of Thryv during the 1st quarter worth about $54,000. Blair William & Co. IL purchased a new stake in Thryv in the 1st quarter valued at about $4,039,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Thryv during the 1st quarter worth approximately $118,000. Hedge funds and other institutional investors own 96.38% of the company's stock.

Thryv Company Profile

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.