Needham & Company LLC Reaffirms “Buy” Rating for Thryv (NASDAQ:THRY)

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

Separately, Royal Bank of Canada started coverage on Thryv in a research report on Thursday, March 27th. They issued a “sector perform” rating and a $17.00 price target for the company.

Thryv Stock Up 0.8 %

Shares of NASDAQ THRY opened at $11.38 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv has a 12-month low of $10.03 and a 12-month high of $26.42. The firm’s 50-day moving average price is $15.79 and its 200-day moving average price is $15.81. The stock has a market capitalization of $493.56 million, a price-to-earnings ratio of -1.18 and a beta of 1.03.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.26. The business had revenue of $186.60 million for the quarter, compared to the consensus estimate of $183.02 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. On average, equities research analysts anticipate that Thryv will post -2.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Thryv

A number of large investors have recently bought and sold shares of the business. Paulson & CO. Inc. boosted its stake in shares of Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock valued at $63,344,000 after purchasing an additional 2,280,000 shares during the period. J. Goldman & Co LP bought a new stake in Thryv during the 4th quarter valued at about $13,654,000. Vanguard Group Inc. boosted its position in Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock valued at $44,155,000 after buying an additional 548,864 shares during the period. Ghisallo Capital Management LLC bought a new position in Thryv in the 4th quarter worth about $7,400,000. Finally, Whetstone Capital Advisors LLC increased its position in shares of Thryv by 131.6% during the fourth quarter. Whetstone Capital Advisors LLC now owns 650,674 shares of the company’s stock worth $9,630,000 after acquiring an additional 369,763 shares during the period. 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.