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

On March 29, 2025, analysts from the Royal Bank of Canada initiated coverage of Thryv, a company traded on the NASDAQ under the ticker THRY. In their report, which was released on a Thursday, the bank rated the stock as "sector perform" and set a price target of $17.00 for the shares. This target suggests a potential increase of approximately 26.39% from the stock's previous closing price.

In a separate analysis, Needham & Company LLC confirmed a "buy" rating for Thryv and provided a target price of $28.00 in their research published earlier on January 15th.

Thryv's Stock Performance

As of Thursday, shares of Thryv opened at $13.45. The stock has shown a fifty-day moving average of $17.07 and a 200-day moving average of $16.34. Thryv has a market capitalization of $583.34 million, a price-to-earnings ratio of -1.39, and a beta of 0.90. Other financial metrics include a debt-to-equity ratio of 2.70 and both the quick and current ratios standing at 1.04. Over the past year, Thryv's stock has experienced a low of $13.06 and a high of $26.42.

Recently, Thryv released its earnings report on February 27th, showing an earnings per share (EPS) of $0.19 for the quarter. This figure surpassed analysts' expectations, which had predicted an EPS of ($0.07) by a significant margin of $0.26. However, the company reported a negative net margin of 38.87% and a negative return on equity of 42.95%. For the quarter, Thryv generated revenues amounting to $186.60 million, exceeding analyst forecasts of $183.02 million. Analysts predict that Thryv will see an EPS of -2.24 for the current year.

Institutional Trading Activity

Recent changes among institutional investors regarding Thryv stocks have been noteworthy. Barclays PLC significantly increased its stake in Thryv by 397.0% during the third quarter, now holding 66,126 shares valued at approximately $1,140,000 after acquiring an additional 52,821 shares. FMR LLC also raised its investment in Thryv by 1.3% in the same quarter, owning 5,425,792 shares valued at around $93,486,000 after a purchase of 71,174 shares. Additionally, the State of Alaska Department of Revenue raised its position by 17.7% during the fourth quarter, holding 22,920 shares valued at $339,000 after buying 3,447 shares. Bullseye Asset Management LLC made its debut investment in Thryv during the third quarter with a stake worth $1,028,000. Finally, JPMorgan Chase & Co. upped its holdings by 15.0% in the same quarter, owning 222,177 shares valued at about $3,828,000 after purchasing an additional 28,909 shares. Currently, institutional investors hold 96.38% of Thryv's stock.

Overview of Thryv Holdings, Inc.

Thryv Holdings, Inc. offers digital marketing solutions and cloud-based tools aimed at small-to-medium-sized businesses across the United States. The company's operations are structured into four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. Thryv provides various services, including print yellow pages, internet yellow pages, search engine marketing, as well as other digital media solutions like online display and social advertising, online presence management, video production, and search engine optimization tools.

Thryv, RBC, Coverage, Stock, Earnings