Cubist Systematic Strategies LLC Has $1.72 Million Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

Cubist Systematic Strategies LLC increased its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 145.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,178 shares of the company's stock after acquiring an additional 68,935 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.28% of Thryv worth $1,719,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on THRY. 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 report on Thursday, May 1st. B. Riley dropped their price objective on shares of Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada decreased their target price 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.40.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh purchased 5,000 shares of Thryv stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 586,043 shares in the company, valued at approximately $7,852,976.20. This represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 6,200 shares of company stock worth $86,981 over the last ninety days. Corporate insiders own 9.88% of the company's stock.

Thryv Price Performance

Shares of Thryv stock traded up $0.15 during trading on Friday, hitting $14.23. 382,998 shares of the company's stock traded hands, compared to its average volume of 419,384. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The firm's fifty day moving average price is $13.26 and its 200 day moving average price is $15.12. Thryv Holdings, Inc. has a twelve month low of $10.03 and a twelve month high of $22.60. The company has a market cap of $622.39 million, a PE ratio of -1.47 and a beta of 1.02.

Thryv (NASDAQ:THRY - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share 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 business had revenue of $181.37 million for the quarter, compared to analyst estimates of $173.83 million. During the same quarter last year, the firm posted $0.22 earnings per share. Thryv's revenue was down 22.3% on a year-over-year basis. Analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current 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.