Thryv (NASDAQ:THRY) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Thryv (NASDAQ:THRY) in a research note published on Thursday morning, MarketBeat.com reports. The firm issued a sector perform rating and a $17.00 price objective on the stock.

Separately, Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Thryv in a research note on Wednesday, January 15th.

Thryv Price Performance

Shares of NASDAQ THRY opened at $13.45 on Thursday. Thryv has a 1 year low of $13.06 and a 1 year high of $26.42. The stock has a market capitalization of $583.34 million, a P/E ratio of -1.39 and a beta of 0.90. The company’s 50-day moving average is $17.07 and its 200 day moving average is $16.34. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.26. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $186.60 million during the quarter, compared to analyst estimates of $183.02 million. On average, sell-side analysts expect that Thryv will post -2.24 earnings per share for the current year.

Hedge Funds Weigh In On Thryv

Large investors have recently modified their holdings of the stock. FMR LLC grew its position in Thryv by 1.3% during the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock valued at $93,486,000 after purchasing an additional 71,174 shares during the last quarter. Paulson & CO. Inc. grew its holdings in shares of Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock valued at $63,344,000 after buying an additional 2,280,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock valued at $44,155,000 after acquiring an additional 548,864 shares in the last quarter. Samjo Management LLC lifted its position in Thryv by 7.7% in the 4th quarter. Samjo Management LLC now owns 2,249,345 shares of the company’s stock valued at $33,290,000 after acquiring an additional 160,185 shares in the last quarter. Finally, State Street Corp lifted its position in Thryv by 2.0% in the 3rd quarter. State Street Corp now owns 1,159,541 shares of the company’s stock valued at $19,979,000 after acquiring an additional 22,460 shares in the last quarter. Hedge funds and other 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.