BNP Paribas Financial Markets Makes New Investment in Thryv Holdings, Inc. (NASDAQ:THRY)

BNP Paribas Financial Markets purchased a new stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Paulson & CO. Inc. increased its holdings in shares of Thryv by 114.0% in the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock valued at $63,344,000 after purchasing an additional 2,280,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Thryv by 22.5% in the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after purchasing an additional 548,864 shares during the last quarter. Samjo Management LLC increased its holdings in shares of Thryv by 7.7% in the fourth quarter. Samjo Management LLC now owns 2,249,345 shares of the company's stock valued at $33,290,000 after purchasing an additional 160,185 shares during the last quarter. Allspring Global Investments Holdings LLC grew 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 acquiring an additional 262,111 shares during the period. Finally, Geode Capital Management LLC grew its position in Thryv by 17.9% in the fourth quarter. Geode Capital Management LLC now owns 904,224 shares of the company's stock worth $13,386,000 after acquiring an additional 137,087 shares during the period. Institutional investors and hedge funds own 96.38% of the company's stock.

Insider Buying and Selling

In related news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $13.40 per share, with a total value of $67,000.00. Following the purchase, the chief executive officer now directly owns 586,043 shares of the company's stock, valued at $7,852,976.20. This trade represents a 0.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased 6,200 shares of company stock valued at $86,981 in the last three months. 9.88% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on THRY. Royal Bank of Canada lowered their price objective on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. B. Riley lowered their price objective on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC lowered their price objective on Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.40.

Thryv Trading Down 2.8%

Shares of THRY traded down $0.38 during midday trading on Friday, hitting $13.01. 248,015 shares of the stock were exchanged, compared to its average volume of 422,980. Thryv Holdings, Inc. has a 52-week low of $10.03 and a 52-week high of $22.31. The stock has a fifty day simple moving average of $13.07 and a 200 day simple moving average of $15.07. The firm has a market cap of $569.03 million, a P/E ratio of -1.35 and a beta of 1.02. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04.

Thryv (NASDAQ:THRY - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.22) 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 company had revenue of $181.37 million for the quarter, compared to analyst estimates of $173.83 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The company's revenue for the quarter was down 22.3% compared to the same quarter last year. On average, research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

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.