Needham & Company LLC Reiterates “Buy” Rating for Thryv (NASDAQ:THRY)

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

Other research analysts have also recently issued research reports about the stock. Robert W. Baird decreased their target price on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Craig Hallum assumed coverage on Thryv in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price on the stock.

Thryv Stock Performance

Shares of NASDAQ THRY opened at $15.44 on Wednesday. The stock’s 50 day simple moving average is $14.98 and its 200 day simple moving average is $16.66. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. Thryv has a 12-month low of $13.06 and a 12-month high of $26.42.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The company had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.78) earnings per share. Research analysts expect that Thryv will post -2.24 earnings per share for the current year.

Institutional Trading of Thryv

A number of hedge funds and other institutional investors have recently made changes to their positions in THRY. JPMorgan Chase & Co. increased its stake in shares of Thryv by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock valued at $3,828,000 after acquiring an additional 28,909 shares during the period. Principal Financial Group Inc. boosted its stake in Thryv by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 161,449 shares of the company’s stock valued at $2,782,000 after purchasing an additional 4,705 shares in the last quarter. Barclays PLC increased its position in shares of Thryv by 397.0% during the 3rd quarter. Barclays PLC now owns 66,126 shares of the company’s stock valued at $1,140,000 after purchasing an additional 52,821 shares during the period. Bullseye Asset Management LLC bought a new stake in shares of Thryv in the 3rd quarter worth $1,028,000. Finally, XTX Topco Ltd lifted its holdings in shares of Thryv by 173.0% in the third quarter. XTX Topco Ltd now owns 29,032 shares of the company’s stock valued at $500,000 after buying an additional 18,397 shares during the period. 96.38% of the stock is currently owned by 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.