Blair William & Co. IL Has $5.25 Million Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

Key Points

• Blair William & Co. IL increased its holdings in Thryv Holdings by 5.0%, owning approximately 0.94% of the company worth $5.25 million after purchasing an additional 19,392 shares.
• Analysts have recently adjusted their target prices for Thryv, with Needham & Company cutting their target from $28 to $20 and B. Riley lowering theirs from $30 to $26, while Wall Street Zen upgraded Thryv to a "buy" rating.
• CEO Joe Walsh purchased 8,000 shares of Thryv's stock at $12.90 per share, increasing his ownership by 1.37% to own a total of about $7.64 million in shares.

Blair William & Co. IL raised its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 409,938 shares of the company's stock after purchasing an additional 19,392 shares during the quarter. Blair William & Co. IL owned 0.94% of Thryv worth $5,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its stake in shares of 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 buying an additional 848 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Thryv in the 4th quarter worth about $92,000. Clarus Group Inc. acquired a new stake in shares of Thryv in the 1st quarter valued at about $134,000. ProShare Advisors LLC bought a new position in shares of Thryv during the fourth quarter worth about $167,000. Finally, Arizona State Retirement System acquired a new position in Thryv in the first quarter worth about $146,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Thryv news, CEO Joe Walsh bought 8,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $12.90 per share, for a total transaction of $103,200.00. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.88% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen raised Thryv from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. B. Riley decreased their price objective on shares of Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Royal Bank Of Canada dropped their target price on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Finally, Needham & Company LLC reduced their price target on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Thryv Stock Performance

THRY traded up $0.03 during trading on Friday, reaching $12.87. 540,938 shares of the company were exchanged, compared to its average volume of 578,196. Thryv Holdings, Inc. has a 52 week low of $10.02 and a 52 week high of $20.92. 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 firm has a 50 day moving average of $12.70 and a 200 day moving average of $14.19. The stock has a market cap of $565.51 million, a P/E ratio of -5.43 and a beta of 0.94.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The firm had revenue of $210.47 million during the quarter, compared to analyst estimates of $203.87 million. Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%. The firm's revenue was down 6.1% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. On average, sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

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.