Needham & Company LLC Issues Pessimistic Forecast for Thryv (NASDAQ:THRY) Stock Price

Thryv (NASDAQ:THRY) had its price target decreased by research analysts at Needham & Company LLC from $28.00 to $20.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 46.95% from the company’s previous close.

THRY has been the subject of several other research reports. B. Riley cut their price target on Thryv from $30.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada assumed coverage on shares of Thryv in a report on Thursday, March 27th. They issued a “sector perform” rating and a $17.00 target price for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Thryv currently has an average rating of “Moderate Buy” and an average price target of $21.40.

Thryv Trading Up 9.4 %

Thryv stock opened at $13.61 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The company has a market cap of $595.18 million, a P/E ratio of -1.41 and a beta of 1.03. The business has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $15.35. Thryv has a 52-week low of $10.03 and a 52-week high of $24.57.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.46). The business had revenue of $181.37 million during the quarter, compared to the consensus estimate of $173.83 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm’s revenue was down 22.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. Analysts predict that Thryv will post -2.24 EPS for the current year.

Hedge Funds Weigh In On Thryv

A number of hedge funds have recently made changes to their positions in THRY. Barclays PLC lifted its holdings in Thryv by 397.0% in the 3rd quarter. Barclays PLC now owns 66,126 shares of the company’s stock worth $1,140,000 after purchasing an additional 52,821 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Thryv by 3.0% during the third quarter. Principal Financial Group Inc. now owns 161,449 shares of the company’s stock valued at $2,782,000 after buying an additional 4,705 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Thryv by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock worth $3,828,000 after buying an additional 28,909 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in shares of Thryv during the fourth quarter worth $44,000. Finally, LB Partners LLC purchased a new position in Thryv during the fourth quarter valued at $2,956,000. 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.