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

Needham & Company LLC reaffirmed their buy rating on shares of Thryv (NASDAQ:THRY) in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a $28.00 price objective on the stock.

Separately, Craig Hallum assumed coverage on shares of Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective for the company.

Thryv Stock Performance

Shares of Thryv stock opened at $14.73 on Wednesday. Thryv has a twelve month low of $13.74 and a twelve month high of $26.42. The company’s fifty day moving average is $17.47 and its 200 day moving average is $18.88. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The firm had revenue of $224.08 million during the quarter, compared to the consensus estimate of $221.78 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, sell-side analysts predict that Thryv will post -1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thryv

Several hedge funds and other institutional investors have recently made changes to their positions in THRY. Brooktree Capital Management boosted its stake in shares of Thryv by 5.9% in the 1st quarter. Brooktree Capital Management now owns 379,898 shares of the company’s stock worth $8,445,000 after buying an additional 21,276 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Thryv by 8.2% in the first quarter. Empowered Funds LLC now owns 171,478 shares of the company’s stock worth $3,812,000 after buying an additional 12,950 shares in the last quarter. Swiss National Bank boosted its holdings in Thryv by 1.7% in the 1st quarter. Swiss National Bank now owns 65,900 shares of the company’s stock valued at $1,465,000 after purchasing an additional 1,100 shares during the period. SageView Advisory Group LLC bought a new stake in Thryv during the first quarter valued at $54,000. Finally, Blair William & Co. IL purchased a new position in shares of Thryv during the first quarter worth about $4,039,000. 96.38% of the stock is 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.