Bullseye Asset Management LLC Acquires 40,338 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Bullseye Asset Management LLC lifted its holdings in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 67.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,984 shares of the company's stock after purchasing an additional 40,338 shares during the period. Bullseye Asset Management LLC owned 0.24% of Thryv worth $1,480,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in THRY. MassMutual Private Wealth & Trust FSB bought a new position in shares of Thryv in the fourth quarter worth about $44,000. Summit Investment Advisors Inc. increased its stake in shares of Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock worth $58,000 after purchasing an additional 848 shares during the period. KLP Kapitalforvaltning AS bought a new position in Thryv during the fourth quarter valued at about $92,000. Oregon Public Employees Retirement Fund raised its holdings in 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 acquiring an additional 1,500 shares in the last quarter. Finally, Amalgamated Bank lifted 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 worth $169,000 after acquiring an additional 1,715 shares during the period. 96.38% of the stock is currently owned by institutional investors.

Thryv Price Performance

NASDAQ:THRY traded down $0.21 during trading hours on Wednesday, reaching $13.51. The company had a trading volume of 234,916 shares, compared to its average volume of 393,439. The stock has a 50-day moving average of $14.12 and a two-hundred day moving average of $15.42. Thryv Holdings, Inc. has a one year low of $10.03 and a one year high of $26.42. The firm has a market capitalization of $590.81 million, a PE ratio of -1.40 and a beta of 1.03. 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 (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.26. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $186.60 million for the quarter, compared to analysts' expectations of $183.02 million. Analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Needham & Company LLC restated a "buy" rating and issued a $28.00 target price on shares of Thryv in a research note on Thursday, April 10th. Royal Bank of Canada assumed coverage on Thryv in a research note on Thursday, March 27th. They issued a "sector perform" rating and a $17.00 target price for the company. Finally, B. Riley cut their target price on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.20.

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.