Thryv Holdings, Inc. $THRY Shares Bought by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC increased its stake in Thryv Holdings by 54.9%, now owning 106,249 shares valued at approximately $1.36 million.
• Thryv's stock received a downgrade from a "buy" rating to a "hold" rating by Wall Street Zen, despite having a consensus rating of "Moderate Buy" with an average target price of $21.40.
• The company's latest earnings report showed an EPS of $0.31, which fell short of analysts' expectations, while revenues declined 6.1% year-over-year.

Ancora Advisors LLC increased its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 54.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,249 shares of the company's stock after purchasing an additional 37,653 shares during the quarter. Ancora Advisors LLC owned 0.24% of Thryv worth $1,361,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in shares of Thryv by 12.1% in the 4th quarter. Northern Trust Corp now owns 386,695 shares of the company's stock worth $5,723,000 after acquiring an additional 41,610 shares during the period. Comerica Bank grew its holdings in Thryv by 18.5% in the fourth quarter. Comerica Bank now owns 13,711 shares of the company's stock valued at $203,000 after purchasing an additional 2,143 shares during the last quarter. Jane Street Group LLC increased its holdings in Thryv by 341.6% during the 4th quarter. Jane Street Group LLC now owns 73,106 shares of the company's stock valued at $1,082,000 after acquiring an additional 56,552 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Thryv by 13.2% during the 4th quarter. Ameriprise Financial Inc. now owns 95,918 shares of the company's stock worth $1,420,000 after purchasing an additional 11,149 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Thryv in the 4th quarter valued at approximately $1,056,000. Hedge funds and other institutional investors own 96.38% of the company's stock.

Insider Buying and Selling

In related news, CEO Joe Walsh purchased 8,000 shares of the firm's stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $12.90 per share, for a total transaction of $103,200.00. Following the acquisition, the chief executive officer directly owned 592,232 shares in the company, valued at $7,639,792.80. The trade was a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 10,814 shares of company stock valued at $139,838 over the last 90 days. Company insiders own 9.88% of the company's stock.

Thryv Trading Down 0.3%

Shares of NASDAQ THRY traded down $0.05 on Wednesday, reaching $12.97. 109,860 shares of the company traded hands, compared to its average volume of 499,532. Thryv Holdings, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $20.92. The company has a 50 day moving average of $12.77 and a 200 day moving average of $13.37. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $569.63 million, a PE ratio of -5.47 and a beta of 0.94.

Thryv (NASDAQ:THRY - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The company had revenue of $210.47 million during the quarter, compared to analysts' expectations of $203.87 million. Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. Thryv's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Thryv from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.40.

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.