Thryv's (THRY) "Buy" Rating Reiterated at Needham & Company LLC

Thryv (NASDAQ:THRY - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports. They presently have a $28.00 price objective on the stock. Needham & Company LLC's price target suggests a potential upside of 145.72% from the company's current price.

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

Thryv Trading Up 11.2 %

Shares of THRY traded up $1.15 during trading hours on Friday, hitting $11.40. The company had a trading volume of 211,388 shares, compared to its average volume of 364,375. 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 has a 52-week low of $10.03 and a 52-week high of $26.42. The firm has a market cap of $494.21 million, a P/E ratio of -1.18 and a beta of 1.03. The stock's 50 day moving average price is $16.29 and its 200 day moving average price is $15.97.

Thryv (NASDAQ:THRY - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.26. The company had revenue of $186.60 million for 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, research analysts predict that Thryv will post -2.24 EPS for the current year.

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Institutional Trading of Thryv

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its holdings in Thryv by 1.3% in the third quarter. FMR LLC now owns 5,425,792 shares of the company's stock worth $93,486,000 after purchasing an additional 71,174 shares during the period. Paulson & CO. Inc. boosted its position in shares of Thryv by 114.0% in the 4th quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock worth $63,344,000 after purchasing an additional 2,280,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock worth $44,155,000 after buying an additional 548,864 shares during the last quarter. Samjo Management LLC increased its position in Thryv by 7.7% during the 4th quarter. Samjo Management LLC now owns 2,249,345 shares of the company's stock valued at $33,290,000 after buying an additional 160,185 shares in the last quarter. Finally, State Street Corp raised its stake in Thryv by 2.0% during the third quarter. State Street Corp now owns 1,159,541 shares of the company's stock valued at $19,979,000 after buying an additional 22,460 shares during the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.