Bank of America Corp DE Acquires 26,278 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Bank of America Corp DE increased its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 162,607 shares of the company's stock after buying an additional 26,278 shares during the quarter. Bank of America Corp DE owned about 0.39% of Thryv worth $2,407,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Paulson & CO. Inc. increased its position in shares of Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock valued at $63,344,000 after acquiring an additional 2,280,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after acquiring an additional 548,864 shares during the last quarter. Ghisallo Capital Management LLC bought a new position in Thryv during the fourth quarter valued at $7,400,000. Whetstone Capital Advisors LLC increased its position in Thryv by 131.6% in the fourth quarter. Whetstone Capital Advisors LLC now owns 650,674 shares of the company's stock worth $9,630,000 after buying an additional 369,763 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Thryv by 31.0% in the fourth 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 last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Performance

Shares of THRY stock traded down $0.08 during trading on Thursday, reaching $13.47. 244,269 shares of the company's stock traded hands, compared to its average volume of 427,804. The company has a market capitalization of $589.15 million, a P/E ratio of -1.39 and a beta of 0.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The firm's 50-day moving average is $12.86 and its 200 day moving average is $15.01. Thryv Holdings, Inc. has a 1 year low of $10.03 and a 1 year high of $21.67.

Thryv (NASDAQ:THRY - Get Free Report) last posted 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). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $181.37 million during the quarter, compared to analysts' expectations of $173.83 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. The business's revenue for the quarter was down 22.3% compared to the same quarter last year. Equities research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Insider Activity

In other Thryv news, CEO Joe Walsh bought 5,000 shares of Thryv stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average price of $13.40 per share, with a total value of $67,000.00. Following the acquisition, the chief executive officer now owns 586,043 shares in the company, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.88% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on THRY. Needham & Company LLC lowered their price objective on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. 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. Finally, Royal Bank of Canada dropped their price target 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.