Thryv (NASDAQ:THRY) Earns Buy Rating from Analysts at Craig Hallum

Analysts at Craig Hallum began coverage on shares of Thryv (NASDAQ:THRYGet Free Report) in a research report issued on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $25.00 price target on the stock. Craig Hallum’s target price suggests a potential upside of 50.97% from the company’s current price.

Separately, Needham & Company LLC reiterated a “buy” rating and set a $28.00 price objective on shares of Thryv in a report on Friday, August 2nd.

Check Out Our Latest Analysis on Thryv

Thryv Trading Down 6.5 %

THRY opened at $16.56 on Wednesday. The firm has a 50 day simple moving average of $17.89 and a 200 day simple moving average of $19.64. The company has a market cap of $593.36 million, a price-to-earnings ratio of -2.20 and a beta of 0.81. Thryv has a fifty-two week low of $15.82 and a fifty-two week high of $26.42. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14.

Thryv (NASDAQ:THRYGet Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The company had revenue of $224.08 million during the quarter, compared to the consensus estimate of $221.78 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year.

Hedge Funds Weigh In On Thryv

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Thryv by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 423,710 shares of the company’s stock valued at $9,420,000 after purchasing an additional 1,306 shares during the period. Harspring Capital Management LLC grew its position in shares of Thryv by 7.7% in the second quarter. Harspring Capital Management LLC now owns 420,000 shares of the company’s stock valued at $7,484,000 after purchasing an additional 30,000 shares during the last quarter. Brooktree Capital Management boosted its position in shares of Thryv by 5.9% in the first quarter. Brooktree Capital Management now owns 379,898 shares of the company’s stock valued at $8,445,000 after acquiring an additional 21,276 shares during the period. Blair William & Co. IL boosted its holdings in Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock valued at $6,340,000 after purchasing an additional 174,090 shares during the period. Finally, S Squared Technology LLC boosted its stake in shares of Thryv by 13.5% in the fourth quarter. S Squared Technology LLC now owns 252,383 shares of the company’s stock valued at $5,136,000 after buying an additional 30,000 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Company Profile

(Get Free Report)

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.

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