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

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $28.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 74.78% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Craig Hallum initiated coverage on Thryv in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective on the stock. Robert W. Baird cut their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th.

Thryv Stock Up 3.8 %

THRY stock opened at $16.02 on Wednesday. The company has a 50 day moving average of $14.97 and a two-hundred day moving average of $16.65. The company has a market cap of $673.48 million, a price-to-earnings ratio of -1.66 and a beta of 0.88. Thryv has a 12-month low of $13.06 and a 12-month high of $26.42. 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 (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.53) by ($0.12). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $179.85 million for the quarter, compared to analysts’ expectations of $179.24 million. During the same quarter in the prior year, the business posted ($0.78) earnings per share. Thryv’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Thryv will post -2.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thryv

Institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB acquired a new position in Thryv in the 4th quarter valued at $44,000. JPMorgan Chase & Co. grew its position in shares of Thryv by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock valued at $3,828,000 after purchasing an additional 28,909 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Thryv by 3.0% in the third quarter. Principal Financial Group Inc. now owns 161,449 shares of the company’s stock worth $2,782,000 after purchasing an additional 4,705 shares during the period. Barclays PLC boosted its stake in 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. Finally, Bullseye Asset Management LLC acquired a new stake in Thryv in the 3rd quarter valued at approximately $1,028,000. Institutional investors own 96.38% of the company’s stock.

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.