Needham & Company LLC Reiterates "Buy" Rating for Thryv (NASDAQ:THRY)

Thryv (NASDAQ:THRY - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Needham & Company LLC in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $28.00 price target on the stock. Needham & Company LLC's price target suggests a potential upside of 30.26% from the company's current price.

Separately, TheStreet cut Thryv from a "c-" rating to a "d" rating in a research note on Friday, March 1st.

Thryv Stock Performance

Thryv stock traded down $2.68 during midday trading on Friday, reaching $21.50. 589,667 shares of the company traded hands, compared to its average volume of 148,963. The firm has a market capitalization of $770.17 million, a price-to-earnings ratio of -2.87 and a beta of 0.92. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day moving average of $22.05 and a two-hundred day moving average of $20.28. Thryv has a 12 month low of $15.99 and a 12 month high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.15). The company had revenue of $233.62 million during the quarter, compared to the consensus estimate of $226.66 million. Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. The business's revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, research analysts predict that Thryv will post 0.79 earnings per share for the current year.

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh purchased 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $19.01 per share, with a total value of $95,050.00. Following the completion of the acquisition, the chief executive officer now owns 501,172 shares in the company, valued at $9,527,279.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.80% of the company's stock.

Institutional Trading of Thryv

A number of hedge funds have recently added to or reduced their stakes in THRY. Pacer Advisors Inc. grew its holdings in Thryv by 73.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company's stock valued at $27,433,000 after purchasing an additional 570,190 shares during the period. Minerva Advisors LLC raised its position in shares of Thryv by 382.0% during the 3rd quarter. Minerva Advisors LLC now owns 239,551 shares of the company's stock valued at $4,494,000 after buying an additional 189,848 shares during the period. Harspring Capital Management LLC acquired a new position in Thryv in the third quarter valued at approximately $5,256,000. LB Partners LLC purchased a new position in Thryv in the fourth quarter worth approximately $1,018,000. Finally, Deutsche Bank AG increased its stake in Thryv by 21.3% during the third quarter. Deutsche Bank AG now owns 239,084 shares of the company's stock worth $4,488,000 after acquiring an additional 41,914 shares during the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.

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