Robert W. Baird Lowers Thryv (NASDAQ:THRY) Price Target to $20.00

Thryv (NASDAQ:THRY) had its target price reduced by Robert W. Baird from $25.00 to $20.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on THRY. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, October 30th. Craig Hallum initiated coverage on shares of Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target on the stock.

Thryv Stock Performance

Shares of Thryv stock opened at $14.38 on Friday. Thryv has a 12 month low of $13.74 and a 12 month high of $26.42. The company has a quick ratio of 1.14, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The stock has a market cap of $522.04 million, a PE ratio of -1.49 and a beta of 0.85. The business has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $18.57.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The business had revenue of $179.85 million for the quarter, compared to analyst estimates of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.78) earnings per share. On average, sell-side analysts anticipate that Thryv will post -2.05 EPS for the current fiscal year.

Institutional Trading of Thryv

Institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System raised its holdings in shares of Thryv by 3.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $283,000 after purchasing an additional 600 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Thryv by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 29,857 shares of the company’s stock valued at $532,000 after buying an additional 703 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Thryv by 5.2% in the third quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock worth $335,000 after buying an additional 960 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Thryv by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock worth $225,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Thryv by 1.7% during the 1st quarter. Swiss National Bank now owns 65,900 shares of the company’s stock valued at $1,465,000 after acquiring an additional 1,100 shares during the last quarter. 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.