Thryv (NASDAQ:THRY) Given Buy Rating at Needham & Company LLC

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They presently have a $28.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 69.39% from the company’s current price.

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

Thryv Stock Up 2.7 %

Shares of NASDAQ THRY opened at $16.53 on Wednesday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. Thryv has a 1 year low of $13.06 and a 1 year high of $26.42. The stock’s 50-day simple moving average is $16.09 and its 200-day simple moving average is $17.68. The firm has a market cap of $694.92 million, a price-to-earnings ratio of -1.71 and a beta of 0.86.

Thryv (NASDAQ:THRY) last posted 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). The business had revenue of $179.85 million for the quarter, compared to analysts’ expectations of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. Thryv’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.78) earnings per share. As a group, equities analysts anticipate that Thryv will post -2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thryv

A number of hedge funds have recently added to or reduced their stakes in THRY. Quarry LP lifted its position in shares of Thryv by 1,296.3% in the 3rd quarter. Quarry LP now owns 2,248 shares of the company’s stock worth $39,000 after buying an additional 2,087 shares during the last quarter. KBC Group NV lifted its holdings in Thryv by 97.8% in the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after acquiring an additional 1,418 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Thryv in the second quarter valued at approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Thryv by 78.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after purchasing an additional 3,303 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Thryv during the 2nd quarter worth approximately $143,000. Institutional investors and hedge funds 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.