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

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

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

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Thryv Price Performance

THRY opened at $22.30 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.77. The stock has a market cap of $799.01 million, a price-to-earnings ratio of -2.97 and a beta of 0.92. The stock has a fifty day moving average price of $22.24 and a 200 day moving average price of $20.57. Thryv has a 1 year low of $15.99 and a 1 year high of $26.42.

Thryv (NASDAQ:THRYGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $226.66 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. Analysts forecast that Thryv will post 0.25 EPS for the current fiscal year.

Insider Transactions at Thryv

In other Thryv news, CEO Joe Walsh bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were bought 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 of the company’s stock, valued at $9,527,279.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Thryv

Institutional investors and hedge funds have recently modified their holdings of the stock. SummerHaven Investment Management LLC grew its stake in shares of Thryv by 2.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 28,649 shares of the company’s stock valued at $583,000 after purchasing an additional 555 shares during the period. Los Angeles Capital Management LLC lifted its position in Thryv by 1.1% during the third quarter. Los Angeles Capital Management LLC now owns 58,452 shares of the company’s stock valued at $1,097,000 after purchasing an additional 631 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Thryv by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 97,177 shares of the company’s stock valued at $1,824,000 after acquiring an additional 802 shares during the last quarter. Swiss National Bank boosted its stake in Thryv by 1.3% during the third quarter. Swiss National Bank now owns 72,800 shares of the company’s stock worth $1,366,000 after buying an additional 900 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in Thryv by 0.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 157,449 shares of the company’s stock valued at $2,955,000 after purchasing an additional 923 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors.

Thryv Company Profile

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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.

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