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

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

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

Thryv Trading Down 6.9 %

Shares of THRY stock opened at $13.45 on Thursday. 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 has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The firm’s 50 day moving average is $17.07 and its 200 day moving average is $16.34. Thryv has a 12-month low of $13.06 and a 12-month high of $26.42.

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

Hedge Funds Weigh In On Thryv

A number of institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Thryv by 13.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,409 shares of the company’s stock worth $1,027,000 after buying an additional 8,340 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Thryv during the 4th quarter valued at approximately $1,381,000. Point72 Asset Management L.P. purchased a new stake in Thryv in the 4th quarter worth approximately $956,000. ProShare Advisors LLC bought a new stake in Thryv during the 4th quarter worth approximately $167,000. Finally, Nuveen Asset Management LLC lifted its holdings in Thryv by 9.3% during the fourth quarter. Nuveen Asset Management LLC now owns 82,001 shares of the company’s stock valued at $1,214,000 after purchasing an additional 6,991 shares in the last quarter. 96.38% of the stock is 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.