Balyasny Asset Management L.P. Makes New $926,000 Investment in Thryv Holdings, Inc. (NASDAQ:THRY)

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

Several other institutional investors also recently bought and sold shares of the business. Paulson & CO. Inc. grew its holdings in Thryv by 114.0% in the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock valued at $63,344,000 after purchasing an additional 2,280,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Thryv by 22.5% in the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after acquiring an additional 548,864 shares in the last quarter. Samjo Management LLC lifted its position in shares of Thryv by 7.7% in the fourth quarter. Samjo Management LLC now owns 2,249,345 shares of the company's stock valued at $33,290,000 after acquiring an additional 160,185 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Thryv by 31.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company's stock valued at $16,135,000 after acquiring an additional 262,111 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Thryv by 17.9% in the fourth quarter. Geode Capital Management LLC now owns 904,224 shares of the company's stock valued at $13,386,000 after acquiring an additional 137,087 shares in the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $13.40 per share, with a total value of $67,000.00. Following the purchase, the chief executive officer now directly owns 586,043 shares of the company's stock, valued at $7,852,976.20. This trade represents a 0.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders bought 6,200 shares of company stock valued at $86,981. 9.88% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Needham & Company LLC decreased their target price on 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 reduced their price objective on 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 reduced their target price on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Thryv has an average rating of "Moderate Buy" and an average target price of $21.40.

Thryv Trading Up 2.4%

Shares of NASDAQ THRY traded up $0.33 during trading on Tuesday, reaching $14.06. The stock had a trading volume of 50,549 shares, compared to its average volume of 417,556. Thryv Holdings, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $22.60. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The business's 50-day moving average price is $13.22 and its 200-day moving average price is $15.11. The company has a market cap of $614.96 million, a P/E ratio of -1.46 and a beta of 1.02.

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

Thryv 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.