71,382 Shares in Thryv Holdings, Inc. (NASDAQ:THRY) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 71,382 shares of the company's stock, valued at approximately $1,056,000. BNP Paribas Financial Markets owned about 0.17% of Thryv as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in Thryv by 17.7% during the fourth quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company's stock valued at $339,000 after purchasing an additional 3,447 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in shares of Thryv by 8.9% in the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock worth $296,000 after acquiring an additional 1,631 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Thryv by 17.6% in 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 during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Thryv by 21.7% in the 4th quarter. Principal Financial Group Inc. now owns 196,522 shares of the company's stock worth $2,909,000 after acquiring an additional 35,073 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Thryv by 45.7% in the 4th quarter. Sei Investments Co. now owns 225,951 shares of the company's stock worth $3,344,000 after acquiring an additional 70,886 shares during the last quarter. Institutional investors own 96.38% of the company's stock.

Thryv Stock Down 2.8%

NASDAQ THRY traded down $0.38 during trading on Monday, reaching $13.01. 248,015 shares of the company's stock traded hands, compared to its average volume of 423,774. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $569.03 million, a price-to-earnings ratio of -1.35 and a beta of 1.02. The company's 50 day simple moving average is $13.03 and its two-hundred day simple moving average is $15.05. Thryv Holdings, Inc. has a 12-month low of $10.03 and a 12-month high of $22.31.

Thryv (NASDAQ:THRY - Get Free Report) last posted 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). The business had revenue of $181.37 million for the quarter, compared to analysts' expectations of $173.83 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company's revenue for the quarter was down 22.3% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. As a group, sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh acquired 5,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $13.40 per share, with a total value of $67,000.00. Following the transaction, the chief executive officer now directly owns 586,043 shares in the company, valued at approximately $7,852,976.20. This represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 6,200 shares of company stock valued at $86,981. Company insiders own 9.88% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on THRY shares. Royal Bank of Canada lowered their target price on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Needham & Company LLC lowered their target price on shares of 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 lowered their target price 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.40.

Thryv 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.