Ancora Advisors LLC Boosts Holdings in Thryv Holdings, Inc. $THRY

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 grew its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 54.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,249 shares of the company's stock after acquiring an additional 37,653 shares during the period. Ancora Advisors LLC owned about 0.24% of Thryv worth $1,361,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Clarus Group Inc. acquired a new position in shares of Thryv during the 1st quarter worth about $134,000. Arizona State Retirement System purchased a new stake in Thryv during the 1st quarter worth approximately $146,000. ProShare Advisors LLC acquired a new position in shares of Thryv during the fourth quarter valued at approximately $167,000. Fox Run Management L.L.C. purchased a new position in shares of Thryv in the first quarter valued at approximately $189,000. Finally, AlphaQuest LLC acquired a new stake in shares of Thryv in the first quarter worth approximately $195,000. Institutional investors and hedge funds own 96.38% of the company's stock.

Insider Transactions at Thryv

In other Thryv news, CEO Joe Walsh acquired 8,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $12.90 per share, with a total value of $103,200.00. Following the purchase, the chief executive officer owned 592,232 shares in the company, valued at approximately $7,639,792.80. The trade was a 1.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have bought 10,814 shares of company stock worth $139,838. 9.88% of the stock is currently owned by corporate insiders.

Thryv Price Performance

NASDAQ THRY traded up $0.10 during trading hours on Friday, hitting $12.50. 448,816 shares of the company's stock traded hands, compared to its average volume of 440,780. Thryv Holdings, Inc. has a 52-week low of $10.02 and a 52-week high of $20.92. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.24. The firm's 50-day moving average is $12.75 and its 200-day moving average is $13.45.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Thryv from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Thryv presently has a consensus rating of "Moderate Buy" and a consensus price target 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.