Thryv Holdings, Inc. (NASDAQ:THRY) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 54.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,175 shares of the company's stock after selling 89,947 shares during the period. Assenagon Asset Management S.A. owned 0.18% of Thryv worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of THRY. XTX Topco Ltd lifted its position in shares of Thryv by 2.2% during the 4th quarter. XTX Topco Ltd now owns 29,665 shares of the company's stock worth $439,000 after purchasing an additional 633 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock valued at $58,000 after buying an additional 848 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock worth $141,000 after buying an additional 1,500 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in Thryv by 8.9% during the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock worth $296,000 after buying an additional 1,631 shares during the last quarter. Finally, Amalgamated Bank boosted its position in shares of Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after acquiring an additional 1,715 shares in the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Stock Performance

NASDAQ THRY traded down $0.23 during trading hours on Friday, hitting $12.56. The company had a trading volume of 776,010 shares, compared to its average volume of 426,437. The business has a 50 day moving average of $13.23 and a 200-day moving average of $14.83. The company has a market cap of $549.37 million, a PE ratio of -4.96 and a beta of 0.98. Thryv Holdings, Inc. has a 1-year low of $10.03 and a 1-year high of $20.92. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). The firm had revenue of $181.37 million during the quarter, compared to analyst estimates of $173.83 million. Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. The firm's revenue for the quarter was down 22.3% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. As a group, equities research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Insider Buying and Selling at Thryv

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada cut their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC lowered their price target on Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, B. Riley dropped their price target 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Thryv currently has a consensus 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.