Dimensional Fund Advisors LP Sells 229,734 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Dimensional Fund Advisors LP lowered its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 995,302 shares of the company's stock after selling 229,734 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.37% of Thryv worth $14,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of THRY. Barclays PLC increased its stake in shares of Thryv by 397.0% during the third quarter. Barclays PLC now owns 66,126 shares of the company's stock valued at $1,140,000 after buying an additional 52,821 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Thryv by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company's stock valued at $3,828,000 after buying an additional 28,909 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Thryv during the fourth quarter valued at approximately $44,000. LB Partners LLC purchased a new stake in Thryv in the fourth quarter worth $2,956,000. Finally, Yousif Capital Management LLC grew its stake in Thryv by 17.6% in the fourth quarter. Yousif Capital Management LLC now owns 14,976 shares of the company's stock worth $222,000 after purchasing an additional 2,242 shares during the period. Institutional investors own 96.38% of the company's stock.

Thryv Stock Performance

Shares of NASDAQ:THRY traded up $0.02 during midday trading on Wednesday, reaching $14.94. 208,376 shares of the company's stock traded hands, compared to its average volume of 414,815. The company has a market cap of $653.45 million, a price-to-earnings ratio of -1.54 and a beta of 1.02. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. Thryv Holdings, Inc. has a one year low of $10.03 and a one year high of $23.36. The stock has a 50 day moving average of $13.36 and a 200 day moving average of $15.17.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). The company had revenue of $181.37 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. As a group, equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on THRY shares. Royal Bank of Canada reduced their price target on 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 reduced their price target on 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 target price on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Insider Activity at Thryv

In other news, CEO Joe Walsh bought 5,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average cost of $13.40 per share, with a total value of $67,000.00. Following the transaction, the chief executive officer now directly owns 586,043 shares in the company, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 6,200 shares of company stock worth $86,981 in the last quarter. 11.70% of the stock is owned by company insiders.

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.