Assenagon Asset Management S.A. Sells 89,947 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Assenagon Asset Management S.A. lessened its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 54.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,175 shares of the company's stock after selling 89,947 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.18% of Thryv worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Summit Investment Advisors Inc. raised its holdings in Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock worth $58,000 after purchasing an additional 848 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Thryv in the fourth quarter worth $92,000. Oregon Public Employees Retirement Fund raised its holdings in Thryv by 18.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock worth $141,000 after purchasing an additional 1,500 shares in the last quarter. ProShare Advisors LLC bought a new position in Thryv in the fourth quarter worth $167,000. Finally, Amalgamated Bank raised its holdings in Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after purchasing an additional 1,715 shares in the last quarter. Institutional investors own 96.38% of the company's stock.

Thryv Trading Down 1.2%

NASDAQ THRY opened at $12.79 on Thursday. Thryv Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $20.92. The stock has a market cap of $559.43 million, a P/E ratio of -5.06 and a beta of 0.98. The stock's fifty day moving average price is $13.18 and its 200-day moving average price is $14.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41.

Thryv (NASDAQ:THRY - Get Free Report) last released its 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). Thryv had a negative return on equity of 51.25% and a negative net margin of 11.94%. The company had revenue of $181.37 million during the quarter, compared to analysts' expectations of $173.83 million. During the same period in the prior year, the company posted $0.22 earnings per share. The company's revenue was down 22.3% on a year-over-year basis. As a group, equities analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $13.40 per share, with a total value of $67,000.00. Following the completion of the transaction, the chief executive officer now directly owns 586,043 shares of the company's stock, valued at approximately $7,852,976.20. This represents a 0.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

THRY has been the subject of a number of research reports. Royal Bank Of Canada decreased their price objective on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. B. Riley decreased their price objective on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Needham & Company LLC decreased their price objective on Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Thryv has an average rating of "Moderate Buy" and a consensus price target of $21.40.

About Thryv

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.

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