Craig Hallum Begins Coverage on Thryv (NASDAQ:THRY)

Stock analysts at Craig Hallum started coverage on shares of Thryv (NASDAQ:THRY) in a note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $25.00 price target on the stock. Craig Hallum’s target price indicates a potential upside of 46.46% from the stock’s current price.

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

Thryv Stock Performance

THRY stock opened at $17.07 on Wednesday. The stock’s 50 day simple moving average is $17.95 and its 200 day simple moving average is $19.68. Thryv has a 12-month low of $15.82 and a 12-month high of $26.42. The firm has a market cap of $619.64 million, a P/E ratio of -2.27 and a beta of 0.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.58.

Thryv (NASDAQ:THRY) last issued 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 analyst estimates of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business’s revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share.

Institutional Investors Weigh In On Thryv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its holdings in shares of Thryv by 3.9% in the second 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 during the period. SummerHaven Investment Management LLC boosted its position in shares of Thryv by 2.4% during the 2nd 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. The Manufacturers Life Insurance Company grew its stake 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 worth $225,000 after purchasing an additional 1,078 shares during the last quarter. Swiss National Bank raised its holdings in shares of Thryv by 1.7% in the 1st quarter. Swiss National Bank now owns 65,900 shares of the company’s stock worth $1,465,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Thryv by 1.1% during the second quarter. Sei Investments Co. now owns 120,249 shares of the company’s stock valued at $2,143,000 after purchasing an additional 1,284 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

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.