Thryv’s (THRY) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Thryv (NASDAQ:THRY) in a research report released on Friday morning, Benzinga reports. Needham & Company LLC currently has a $28.00 target price on the stock.

Separately, TheStreet downgraded shares of Thryv from a c- rating to a d rating in a research report on Friday, March 1st.

Thryv Price Performance

Shares of Thryv stock traded down $2.68 during midday trading on Friday, reaching $21.50. The company had a trading volume of 590,117 shares, compared to its average volume of 118,012. The company has a current ratio of 1.15, a quick ratio of 1.01 and a debt-to-equity ratio of 1.77. The stock has a fifty day simple moving average of $22.08 and a 200 day simple moving average of $20.30. Thryv has a 1-year low of $15.99 and a 1-year high of $26.42. The company has a market capitalization of $770.17 million, a price-to-earnings ratio of -2.86 and a beta of 0.92.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, May 2nd. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.15). Thryv had a negative net margin of 28.75% and a positive return on equity of 3.07%. The firm had revenue of $233.62 million during the quarter, compared to analyst estimates of $226.66 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, equities research analysts forecast that Thryv will post 0.55 earnings per share for the current year.

Insider Activity

In related news, CEO Joe Walsh acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $19.01 per share, with a total value of $95,050.00. Following the completion of the purchase, the chief executive officer now directly owns 501,172 shares in the company, valued at $9,527,279.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Thryv

A number of hedge funds have recently modified their holdings of THRY. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Thryv by 64.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock valued at $176,000 after purchasing an additional 3,398 shares in the last quarter. MQS Management LLC bought a new stake in shares of Thryv in the 3rd quarter valued at $204,000. Mackenzie Financial Corp acquired a new stake in Thryv during the 4th quarter worth $271,000. Dark Forest Capital Management LP bought a new position in Thryv during the third quarter worth about $278,000. Finally, Graham Capital Management L.P. acquired a new position in Thryv in the third quarter valued at about $309,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.