Cubist Systematic Strategies LLC Increases Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Cubist Systematic Strategies LLC grew its holdings in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 145.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 116,178 shares of the company's stock after buying an additional 68,935 shares during the period. Cubist Systematic Strategies LLC owned 0.28% of Thryv worth $1,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Paulson & CO. Inc. raised its holdings in shares of 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 buying an additional 2,280,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock worth $44,155,000 after acquiring an additional 548,864 shares during the period. Samjo Management LLC increased its stake in shares of Thryv by 7.7% during the fourth quarter. Samjo Management LLC now owns 2,249,345 shares of the company's stock worth $33,290,000 after acquiring an additional 160,185 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Thryv by 31.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company's stock worth $16,135,000 after acquiring an additional 262,111 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Thryv by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 904,224 shares of the company's stock worth $13,386,000 after acquiring an additional 137,087 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $13.40 per share, for a total transaction of $67,000.00. Following the transaction, the chief executive officer now directly owns 586,043 shares in the company, valued at $7,852,976.20. The trade was a 0.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 6,200 shares of company stock valued at $86,981 in the last quarter. Insiders own 11.70% of the company's stock.

Analysts Set New Price Targets

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

Thryv Stock Performance

Shares of THRY stock opened at $14.56 on Tuesday. Thryv Holdings, Inc. has a 52 week low of $10.03 and a 52 week high of $23.36. The company has a market cap of $636.83 million, a PE ratio of -1.51 and a beta of 1.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The company's fifty day simple moving average is $13.40 and its 200-day simple moving average is $15.17.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $181.37 million during the quarter, compared to analyst estimates of $173.83 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm's revenue for the quarter was down 22.3% on a year-over-year basis. As a group, equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

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.

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