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

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

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

Thryv Stock Performance

NASDAQ:THRY opened at $21.50 on Friday. Thryv has a 1 year low of $15.99 and a 1 year high of $26.42. The firm has a 50 day moving average of $22.08 and a 200-day moving average of $20.30. The company has a current ratio of 1.15, a quick ratio of 1.01 and a debt-to-equity ratio of 1.77.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15). Thryv had a positive return on equity of 3.07% and a negative net margin of 28.75%. 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 prior year, the firm posted $0.25 EPS. Thryv’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities research analysts expect that Thryv will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at Thryv

In related news, CEO Joe Walsh bought 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $19.01 per share, for a total transaction of $95,050.00. Following the transaction, the chief executive officer now owns 501,172 shares of the company’s stock, valued at $9,527,279.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Thryv

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Thryv by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,689,114 shares of the company’s stock valued at $34,374,000 after purchasing an additional 43,101 shares during the period. Pacer Advisors Inc. lifted its stake in Thryv by 73.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock valued at $27,433,000 after acquiring an additional 570,190 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Thryv by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,254,108 shares of the company’s stock valued at $23,540,000 after acquiring an additional 3,748 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Thryv by 26.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 624,728 shares of the company’s stock valued at $12,713,000 after acquiring an additional 130,107 shares in the last quarter. Finally, Brooktree Capital Management lifted its stake in Thryv by 0.7% in the 3rd quarter. Brooktree Capital Management now owns 390,332 shares of the company’s stock valued at $7,327,000 after acquiring an additional 2,612 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.