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

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $28.00 target price on the stock. Needham & Company LLC’s price objective indicates a potential upside of 94.71% from the company’s current price.

Separately, Craig Hallum began 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 Wednesday. The stock has a 50 day moving average price of $17.55 and a 200-day moving average price of $18.93. Thryv has a one year low of $13.74 and a one year high of $26.42. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.58.

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

Institutional Trading of Thryv

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blair William & Co. IL bought a new position in shares of Thryv in the first quarter worth about $4,039,000. Renaissance Technologies LLC purchased a new stake in Thryv in the 2nd quarter valued at about $2,816,000. Assenagon Asset Management S.A. grew its stake in Thryv by 182.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company’s stock worth $3,797,000 after acquiring an additional 142,434 shares in the last quarter. Millennium Management LLC grew its stake in Thryv by 78.8% in the 2nd quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock worth $3,186,000 after acquiring an additional 78,793 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Thryv during the second quarter worth approximately $811,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Company Profile

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.