Thryv (NASDAQ:THRY) Research Coverage Started at Craig Hallum

Craig Hallum started coverage on shares of Thryv (NASDAQ:THRY) in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $25.00 price objective on the stock.

Separately, Needham & Company LLC reissued a buy rating and issued a $28.00 target price on shares of Thryv in a report on Friday, August 2nd.

Thryv Stock Performance

Shares of THRY stock opened at $16.93 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58. The company has a 50 day moving average price of $17.89 and a 200-day moving average price of $19.64. Thryv has a 52 week low of $15.82 and a 52 week high of $26.42. The firm has a market capitalization of $614.56 million, a PE ratio of -2.25 and a beta of 0.81.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Thryv during the 3rd quarter valued at $445,000. Point72 DIFC Ltd bought a new stake in Thryv during the second quarter valued at about $100,000. The Manufacturers Life Insurance Company increased its position in Thryv by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock worth $225,000 after buying an additional 1,078 shares in the last quarter. Millennium Management LLC raised its stake in shares of Thryv by 78.8% in the second quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock worth $3,186,000 after buying an additional 78,793 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Thryv during the 2nd quarter valued at about $811,000. 96.38% of the stock is currently owned by institutional investors.

Thryv Company Profile

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.