Craig Hallum Initiates Coverage on Thryv (NASDAQ:THRY)

Craig Hallum started coverage on shares of Thryv (NASDAQ:THRY) in a report released on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $25.00 price objective on the stock.

Separately, Needham & Company LLC reissued a buy rating and issued a $28.00 price target on shares of Thryv in a report on Friday, August 2nd.

Thryv Stock Up 2.2 %

NASDAQ:THRY opened at $16.93 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14. The company’s fifty day moving average price is $17.84 and its 200-day moving average price is $19.61. Thryv has a 1-year low of $15.82 and a 1-year high of $26.42. The firm has a market capitalization of $614.56 million, a P/E ratio of -2.25 and a beta of 0.81.

Thryv (NASDAQ:THRY) last announced 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). The company had revenue of $224.08 million for the quarter, compared to analyst estimates of $221.78 million. Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. Thryv’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Blair William & Co. IL purchased a new position in shares of Thryv in the 1st quarter valued at about $4,039,000. Renaissance Technologies LLC purchased a new stake in shares of Thryv in the second quarter valued at approximately $2,816,000. Millennium Management LLC raised its stake in shares of Thryv by 78.8% during the 2nd quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock worth $3,186,000 after buying an additional 78,793 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Thryv during the 2nd quarter valued at approximately $1,388,000. Finally, Harspring Capital Management LLC grew its stake in Thryv by 23.2% in the 4th quarter. Harspring Capital Management LLC now owns 345,000 shares of the company’s stock valued at $7,021,000 after acquiring an additional 65,000 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.

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.