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

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

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

Thryv Stock Down 1.2 %

Shares of Thryv stock opened at $21.25 on Friday. The stock’s 50-day moving average is $22.08 and its 200 day moving average is $20.32. Thryv has a one year low of $15.99 and a one year high of $26.42. The firm has a market cap of $761.37 million, a price-to-earnings ratio of -2.86 and a beta of 0.92. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.15 and a quick ratio of 1.15.

Thryv (NASDAQ:THRY) last posted 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). 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 for the quarter, compared to the consensus estimate of $226.66 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Thryv’s quarterly revenue was down 4.9% on a year-over-year basis. Equities research analysts anticipate that Thryv will post 0.55 EPS for the current year.

Insider Buying and Selling

In other Thryv news, CEO Joe Walsh purchased 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the purchase, the chief executive officer now owns 501,172 shares of the company’s stock, valued at approximately $9,527,279.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Thryv

A number of hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. lifted its holdings in shares of Thryv by 5.7% in the first quarter. Pinnacle Associates Ltd. now owns 71,273 shares of the company’s stock valued at $1,584,000 after purchasing an additional 3,815 shares in the last quarter. VitalStone Financial LLC bought a new position in Thryv during the 4th quarter valued at $422,000. Harspring Capital Management LLC boosted its holdings in Thryv by 23.2% during the 4th quarter. Harspring Capital Management LLC now owns 345,000 shares of the company’s stock worth $7,021,000 after acquiring an additional 65,000 shares during the last quarter. S Squared Technology LLC grew its stake in shares of Thryv by 13.5% in the 4th quarter. S Squared Technology LLC now owns 252,383 shares of the company’s stock worth $5,136,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Wittenberg Investment Management Inc. raised its holdings in shares of Thryv by 41.8% in the fourth quarter. Wittenberg Investment Management Inc. now owns 28,834 shares of the company’s stock valued at $587,000 after purchasing an additional 8,500 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.