Thryv’s (THRY) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Thryv (NASDAQ:THRY) in a research report report published on Friday, Benzinga reports. The firm currently has a $28.00 price target on the stock.

Thryv Price Performance

THRY opened at $17.02 on Friday. The firm has a market cap of $609.83 million, a P/E ratio of -2.26 and a beta of 0.83. The firm has a 50-day moving average of $18.76 and a 200 day moving average of $20.62. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.15 and a current ratio of 1.14. Thryv has a fifty-two week low of $15.82 and a fifty-two week high of $26.42.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). The company had revenue of $224.08 million for the quarter, compared to the consensus estimate of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. Thryv’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. On average, research analysts expect that Thryv will post 0.25 EPS for the current year.

Insider Transactions at Thryv

In other news, CEO Joe Walsh purchased 2,500 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average cost of $21.11 per share, with a total value of $52,775.00. Following the completion of the acquisition, the chief executive officer now owns 500,567 shares in the company, valued at approximately $10,566,969.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Thryv

Institutional investors and hedge funds have recently bought and sold shares of the stock. SageView Advisory Group LLC purchased a new position in shares of Thryv during the first quarter worth approximately $54,000. Lazard Asset Management LLC purchased a new position in shares of Thryv during the first quarter worth approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Thryv by 78.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock worth $134,000 after acquiring an additional 3,303 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Thryv by 64.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock worth $176,000 after acquiring an additional 3,398 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Thryv during the fourth quarter worth approximately $271,000. 96.38% of the stock is owned by hedge funds and other 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.