Balyasny Asset Management L.P. Buys New Shares in Thryv Holdings, Inc. (NASDAQ:THRY)

Balyasny Asset Management L.P. acquired a new position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,582 shares of the company's stock, valued at approximately $926,000. Balyasny Asset Management L.P. owned about 0.15% of Thryv as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in THRY. MassMutual Private Wealth & Trust FSB acquired a new stake in Thryv during the 4th quarter worth approximately $44,000. Summit Investment Advisors Inc. increased its position in shares of Thryv by 27.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock valued at $58,000 after purchasing an additional 848 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Thryv in the 4th quarter valued at approximately $92,000. Oregon Public Employees Retirement Fund increased its position in shares of Thryv by 18.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock valued at $141,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Thryv by 17.6% in the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after purchasing an additional 1,715 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Price Performance

Shares of NASDAQ THRY traded up $0.15 during midday trading on Friday, hitting $14.23. The company had a trading volume of 382,998 shares, compared to its average volume of 419,384. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv Holdings, Inc. has a twelve month low of $10.03 and a twelve month high of $22.60. The business has a 50-day simple moving average of $13.26 and a two-hundred day simple moving average of $15.11. The firm has a market capitalization of $622.39 million, a price-to-earnings ratio of -1.47 and a beta of 1.02.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). The business had revenue of $181.37 million for the quarter, compared to analyst estimates of $173.83 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business's revenue was down 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on THRY shares. Needham & Company LLC dropped their price objective on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada dropped their price objective on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Finally, B. Riley dropped their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Thryv currently has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh bought 5,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was bought at an average price of $13.40 per share, for a total transaction of $67,000.00. Following the completion of the transaction, the chief executive officer now owns 586,043 shares in the company, valued at approximately $7,852,976.20. The trade was a 0.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders acquired 6,200 shares of company stock worth $86,981. Insiders own 9.88% of the company's stock.

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.