Dimensional Fund Advisors LP Reduces Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Dimensional Fund Advisors LP reduced its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 995,302 shares of the company's stock after selling 229,734 shares during the quarter. Dimensional Fund Advisors LP owned 2.37% of Thryv worth $14,730,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Thryv by 22.5% in the 4th 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 last quarter. Samjo Management LLC increased its stake in 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 buying an additional 160,185 shares during the period. Allspring Global Investments Holdings LLC increased its stake in 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 buying an additional 262,111 shares during the period. Geode Capital Management LLC increased its stake in 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 buying an additional 137,087 shares during the period. Finally, Harspring Capital Management LLC increased its stake in Thryv by 39.0% during the 4th quarter. Harspring Capital Management LLC now owns 882,500 shares of the company's stock worth $13,061,000 after buying an additional 247,500 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Joe Walsh bought 5,000 shares of Thryv stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $13.40 per share, for a total transaction of $67,000.00. Following the purchase, the chief executive officer now owns 586,043 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. Insiders acquired a total of 6,200 shares of company stock worth $86,981 in the last 90 days. Company insiders own 11.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on THRY shares. B. Riley cut their target price 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. Royal Bank of Canada cut 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 note on Friday, May 2nd. Finally, Needham & Company LLC cut their target price 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.40.

Thryv Stock Up 5.9%

Shares of Thryv stock traded up $0.81 during trading hours on Monday, hitting $14.56. The company had a trading volume of 517,166 shares, compared to its average volume of 414,441. The company's 50-day moving average is $13.45 and its two-hundred day moving average is $15.19. Thryv Holdings, Inc. has a twelve month low of $10.03 and a twelve month high of $23.36. 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 company has a market cap of $636.83 million, a P/E ratio of -1.51 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 (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.46). The company had revenue of $181.37 million during the quarter, compared to analyst estimates of $173.83 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company's quarterly revenue was down 22.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS. Analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Thryv Company 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.