Thryv (NASDAQ:THRY) Earns Sector Perform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Thryv (NASDAQ:THRY - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm set a "sector perform" rating and a $17.00 price target on the stock. Royal Bank of Canada's price target suggests a potential upside of 32.42% from the company's previous close.

Separately, Needham & Company LLC reiterated a "buy" rating and set a $28.00 target price on shares of Thryv in a research report on Wednesday, January 15th.

Thryv Stock Performance

NASDAQ:THRY traded down $0.61 during trading hours on Thursday, reaching $12.84. The company had a trading volume of 345,824 shares, compared to its average volume of 347,325. The firm has a market cap of $556.80 million, a price-to-earnings ratio of -1.33 and a beta of 0.90. 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 firm's 50 day moving average price is $17.07 and its 200-day moving average price is $16.33. Thryv has a 52 week low of $12.74 and a 52 week high of $26.42.

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

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Institutional Trading of Thryv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd boosted its stake in Thryv by 2.2% during the fourth quarter. XTX Topco Ltd now owns 29,665 shares of the company's stock valued at $439,000 after buying an additional 633 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Thryv by 27.7% in 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 last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock worth $141,000 after purchasing an additional 1,500 shares during the period. Corebridge Financial Inc. boosted its stake in shares of Thryv by 8.9% during the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock worth $296,000 after purchasing an additional 1,631 shares during the period. Finally, Amalgamated Bank grew its holdings in Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after purchasing an additional 1,715 shares during the last quarter. 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.