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

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They currently have a $28.00 price objective on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 94.71% from the stock’s previous close.

Several other brokerages have also issued reports on THRY. Robert W. Baird cut their target price on Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday. Craig Hallum started coverage on shares of Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price on the stock.

Thryv Price Performance

Shares of THRY opened at $14.38 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv has a 1-year low of $13.74 and a 1-year high of $26.42. The firm’s 50 day simple moving average is $17.12 and its 200 day simple moving average is $18.60.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. During the same period in the prior year, the company earned ($0.78) EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Thryv will post -2.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thryv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in Thryv by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock worth $283,000 after acquiring an additional 600 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Thryv by 2.4% in the second quarter. SummerHaven Investment Management LLC now owns 29,857 shares of the company’s stock worth $532,000 after purchasing an additional 703 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Thryv by 5.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock valued at $335,000 after purchasing an additional 960 shares during the period. The Manufacturers Life Insurance Company raised its position in Thryv by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock valued at $225,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Thryv by 1.7% in the 1st quarter. Swiss National Bank now owns 65,900 shares of the company’s stock worth $1,465,000 after buying an additional 1,100 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.