Thryv (NASDAQ:THRY) Stock Rating Reaffirmed by Needham & Company LLC

Thryv (NASDAQ:THRY)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued on Friday, Benzinga reports. They presently have a $28.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 30.26% from the stock’s current price.

Separately, TheStreet downgraded shares of Thryv from a “c-” rating to a “d” rating in a research note on Friday, March 1st.

Thryv Price Performance

THRY stock traded down $2.68 during trading on Friday, hitting $21.50. 589,667 shares of the stock traded hands, compared to its average volume of 148,963. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.83. The stock has a market cap of $770.17 million, a price-to-earnings ratio of -2.87 and a beta of 0.92. Thryv has a one year low of $15.99 and a one year high of $26.42. The company has a 50 day simple moving average of $22.05 and a 200 day simple moving average of $20.28.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, May 2nd. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.15). Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. The business had revenue of $233.62 million during the quarter, compared to analyst estimates of $226.66 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue was down 4.9% compared to the same quarter last year. Equities analysts expect that Thryv will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Joe Walsh acquired 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the acquisition, the chief executive officer now directly owns 501,172 shares of the company’s stock, valued at $9,527,279.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Thryv

Several large investors have recently modified their holdings of THRY. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Thryv by 64.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock worth $176,000 after purchasing an additional 3,398 shares during the last quarter. MQS Management LLC bought a new stake in shares of Thryv in the third quarter valued at about $204,000. Mackenzie Financial Corp acquired a new position in shares of Thryv in the fourth quarter valued at about $271,000. Dark Forest Capital Management LP bought a new position in Thryv during the third quarter worth about $278,000. Finally, Graham Capital Management L.P. acquired a new stake in Thryv in the 3rd quarter worth about $309,000. 96.38% of the stock is owned by institutional investors.

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.