Royal Bank of Canada Initiates Coverage on Thryv (NASDAQ:THRY)

Analysts at Royal Bank of Canada began coverage on shares of Thryv (NASDAQ:THRY) in a report released on Thursday, Marketbeat Ratings reports. The brokerage set a “sector perform” rating and a $17.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 26.39% from the company’s previous close.

Separately, Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of Thryv in a research report on Wednesday, January 15th.

Thryv Stock Performance

Shares of THRY opened at $13.45 on Thursday. The firm has a fifty day moving average of $17.07 and a 200-day moving average of $16.34. The company has a market cap of $583.34 million, a price-to-earnings ratio of -1.39 and a beta of 0.90. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. Thryv has a 1 year low of $13.06 and a 1 year high of $26.42.

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

Institutional Trading of Thryv

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in shares of Thryv by 397.0% during the third quarter. Barclays PLC now owns 66,126 shares of the company’s stock valued at $1,140,000 after acquiring an additional 52,821 shares during the period. FMR LLC boosted its stake 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 in the last quarter. State of Alaska Department of Revenue increased its position in shares of Thryv by 17.7% during the 4th quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company’s stock valued at $339,000 after purchasing an additional 3,447 shares during the period. Bullseye Asset Management LLC bought a new stake in shares of Thryv in the 3rd quarter worth $1,028,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Thryv by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock valued at $3,828,000 after buying an additional 28,909 shares during the period. 96.38% of the stock is currently owned by institutional investors.

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.