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

Needham & Company LLC reiterated their buy rating on shares of Thryv (NASDAQ:THRY - Free Report) in a research note issued to investors on Friday,Benzinga reports. They currently have a $28.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. Robert W. Baird reduced their price objective on Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday. Craig Hallum initiated coverage on Thryv in a research report on Wednesday, October 2nd. They set a "buy" rating and a $25.00 price objective on the stock.

Thryv Price Performance

Shares of Thryv stock traded down $0.76 on Friday, hitting $14.38. 772,343 shares of the company traded hands, compared to its average volume of 237,388. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.58. The company has a market cap of $521.99 million, a P/E ratio of -1.89 and a beta of 0.85. The firm's 50-day simple moving average is $17.20 and its 200 day simple moving average is $18.69. Thryv has a 12-month low of $13.74 and a 12-month high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The company had revenue of $179.85 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.78) earnings per share. Analysts expect that Thryv will post -2.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SageView Advisory Group LLC bought a new stake in shares of Thryv in the 1st quarter valued at approximately $54,000. KBC Group NV boosted its stake in Thryv by 97.8% during the third quarter. KBC Group NV now owns 2,868 shares of the company's stock worth $49,000 after buying an additional 1,418 shares during the period. Lazard Asset Management LLC bought a new position in Thryv during the first quarter valued at $118,000. Point72 DIFC Ltd purchased a new stake in shares of Thryv in the second quarter valued at $100,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company's stock worth $134,000 after acquiring an additional 3,303 shares during the last quarter. 96.38% of the stock is currently owned by 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.