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

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a research note issued on Wednesday, Benzinga reports. They currently have a $28.00 price target on the stock. Needham & Company LLC’s target price indicates a potential upside of 94.71% from the stock’s previous close.

Separately, Craig Hallum initiated coverage on Thryv in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price on the stock.

Thryv Trading Up 0.5 %

NASDAQ THRY opened at $14.38 on Wednesday. The company has a 50-day moving average price of $17.55 and a 200-day moving average price of $18.93. Thryv has a 52 week low of $13.74 and a 52 week high of $26.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. The business had revenue of $224.08 million during the quarter, compared to the consensus estimate of $221.78 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The firm’s revenue was down 10.9% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in THRY. SageView Advisory Group LLC bought a new stake in shares of Thryv during the first quarter valued at approximately $54,000. Point72 DIFC Ltd purchased a new stake in Thryv in the 2nd quarter worth $100,000. Lazard Asset Management LLC bought a new position in shares of Thryv during the 1st quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Thryv in the second quarter worth about $143,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.