Thryv’s (THRY) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Thryv (NASDAQ:THRY) in a research note published on Friday, Benzinga reports. They currently have a $28.00 price target on the stock.

Thryv Stock Performance

Shares of Thryv stock opened at $17.02 on Friday. Thryv has a 52 week low of $15.82 and a 52 week high of $26.42. The business’s fifty day simple moving average is $18.76 and its 200-day simple moving average is $20.62. The firm has a market cap of $609.83 million, a PE ratio of -2.26 and a beta of 0.83. The company has a quick ratio of 1.15, a current ratio of 1.14 and a debt-to-equity ratio of 1.58.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). The firm had revenue of $224.08 million during the quarter, compared to analysts’ expectations of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. Thryv’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. Equities analysts forecast that Thryv will post 0.25 earnings per share for the current year.

Insider Activity

In other Thryv news, CEO Joe Walsh acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average price of $21.11 per share, for a total transaction of $52,775.00. Following the acquisition, the chief executive officer now owns 500,567 shares in the company, valued at approximately $10,566,969.37. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Thryv

Large investors have recently made changes to their positions in the company. SageView Advisory Group LLC acquired a new stake in Thryv during the 1st quarter worth approximately $54,000. Lazard Asset Management LLC acquired a new stake in Thryv during the 1st quarter worth approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Thryv by 78.3% during 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 period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Thryv by 64.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock worth $176,000 after acquiring an additional 3,398 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in shares of Thryv during the 4th quarter worth approximately $271,000. 96.38% of the stock is 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.