Robert W. Baird Lowers Thryv (NASDAQ:THRY) Price Target to $20.00

Thryv (NASDAQ:THRY) had its price objective decreased by equities researchers at Robert W. Baird from $25.00 to $20.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 39.08% from the company’s previous close.

THRY has been the subject of several other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, October 30th. Craig Hallum began coverage on shares of Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price on the stock.

Thryv Price Performance

Shares of THRY opened at $14.38 on Friday. The company’s fifty day simple moving average is $17.12 and its 200 day simple moving average is $18.60. Thryv has a 1-year low of $13.74 and a 1-year high of $26.42. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 1.04.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $179.85 million for the quarter, compared to the consensus estimate of $179.24 million. During the same quarter last year, the business posted ($0.78) EPS. Thryv’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, analysts expect that Thryv will post -2.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in shares of Thryv by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $283,000 after buying an additional 600 shares in the last quarter. SummerHaven Investment Management LLC raised its position in Thryv by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 29,857 shares of the company’s stock valued at $532,000 after purchasing an additional 703 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Thryv by 5.2% during the third quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock worth $335,000 after purchasing an additional 960 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Thryv by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock valued at $225,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Thryv by 1.7% in the 1st quarter. Swiss National Bank now owns 65,900 shares of the company’s stock valued at $1,465,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

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.