Blair William & Co. IL Increases 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 lifted its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 5.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 409,938 shares of the company's stock after acquiring an additional 19,392 shares during the quarter. Blair William & Co. IL owned approximately 0.94% of Thryv worth $5,251,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in THRY. Summit Investment Advisors Inc. boosted its position in Thryv by 27.7% during 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 during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Thryv during the 4th quarter valued at approximately $92,000. Clarus Group Inc. bought a new position in Thryv in the 1st quarter worth approximately $134,000. Arizona State Retirement System purchased a new position in Thryv in the 1st quarter valued at approximately $146,000. Finally, ProShare Advisors LLC purchased a new position in Thryv in the 4th quarter valued at approximately $167,000. Hedge funds and other institutional investors own 96.38% of the company's stock.

Analyst Ratings Changes

THRY has been the subject of a number of analyst reports. B. Riley cut their price target on 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 cut their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reduced their target price on Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Wall Street Zen raised shares of Thryv from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.40.

Thryv Price Performance

Shares of THRY stock traded up $0.03 on Friday, reaching $12.87. The company's stock had a trading volume of 540,938 shares, compared to its average volume of 505,219. The company has a market capitalization of $565.51 million, a P/E ratio of -5.43 and a beta of 0.94. Thryv Holdings, Inc. has a 12-month low of $10.02 and a 12-month high of $20.92. The stock's 50 day simple moving average is $12.71 and its 200-day simple moving average is $14.22. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.24.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The business had revenue of $210.47 million for the quarter, compared to the consensus estimate of $203.87 million. Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. The business's revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. As a group, equities analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh bought 8,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $12.90 per share, for a total transaction of $103,200.00. Following the completion of the transaction, the chief executive officer owned 592,232 shares of the company's stock, 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 this hyperlink. Company insiders own 9.88% of the company's stock.

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.