Beamr video compression achieves up to 50% improvement for AVs
In a turbulent market environment, THRY, the stock of Dex Media Inc, has recorded a new 52-week low, dipping to $10.51. According to InvestingPro data, the stock's RSI indicates oversold territory, while analyst price targets range from $17 to $30. This latest price level reflects a significant downturn for the company, which has seen its stock value contract by 53.41% over the past year. Investors are closely monitoring the stock as it navigates through the prevailing economic headwinds that have contributed to this decline. The 52-week low serves as a critical juncture for Dex Media Inc, as market participants consider the company's future prospects and potential for recovery. While current financials show challenges, InvestingPro analysis indicates net income growth expectations and a return to profitability this year. For deeper insights into THRY's valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Thryv Holdings Inc. reported significant growth in its SaaS segment for Q4 2024, with a 41% year-over-year increase in revenue, reaching $104.3 million. The company also saw a 73% increase in total subscribers, now totaling 114,000. This growth is part of Thryv's broader strategy to transition from a marketing services provider to a SaaS-focused entity. RBC Capital Markets has initiated coverage on Thryv with a "Sector Perform" rating and a price target of $17.00, highlighting the company's shift towards SaaS, which now accounts for over half of its total revenue.
Thryv's acquisition of Keap is expected to enhance its partner channel and contribute to revenue synergies, with Needham analysts maintaining a Buy rating and a $28.00 price target. The integration of Thryv and Keap's platforms is underway, with initiatives aimed at modernizing and simplifying the combined offerings. The company prepaid $78.8 million in debt for 2024, strengthening its financial position. Looking ahead, Thryv projects its total SaaS revenue for 2025 to be between $464.5 million and $474 million, with SaaS expected to comprise 60% of total revenues.
Additionally, the acquisition of Keap is anticipated to contribute $75 million to $78 million in 2025, further supporting Thryv's growth trajectory. Analysts from Needham and RBC Capital Markets have emphasized the importance of execution in Thryv's ongoing transformation and its potential impact on the company's market valuation. These recent developments underscore Thryv's strategic focus on innovation, growth, and financial discipline.
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