Brooktree Capital Management Boosts Position in Thryv Holdings, Inc. $THRY

Key Points

• Brooktree Capital Management raised its stake in Thryv by 61.5% in Q4 to 1,358,938 shares (about 3.12% ownership), making THRY its 8th largest holding valued at roughly $8.22 million.
• Thryv beat expectations for the quarter (EPS $0.10 vs. -$0.06 estimate; revenue $167.7M) but analysts remain mixed, with a consensus Hold rating and an average price target of $9.50.
• Insider and institutional interest is high: the CEO and CFO bought shares (15,000 and 14,000, respectively), insiders purchased 45,000 shares in the last 90 days, and institutions own about 96.38% of the stock.

Brooktree Capital Management increased its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 61.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,358,938 shares of the company's stock after acquiring an additional 517,597 shares during the quarter. Thryv makes up 5.5% of Brooktree Capital Management's investment portfolio, making the stock its 8th largest position. Brooktree Capital Management owned approximately 3.12% of Thryv worth $8,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ancient Art L.P. grew its position in shares of Thryv by 468.2% in the 3rd quarter. Ancient Art L.P. now owns 1,309,459 shares of the company's stock worth $15,792,000 after buying an additional 1,079,016 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Thryv by 27.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company's stock worth $17,078,000 after buying an additional 602,127 shares during the last quarter. Roubaix Capital LLC bought a new stake in shares of Thryv in the 3rd quarter worth approximately $3,394,000. First Eagle Investment Management LLC grew its position in shares of Thryv by 44.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 846,596 shares of the company's stock worth $10,210,000 after buying an additional 261,280 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Thryv by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company's stock worth $4,818,000 after buying an additional 119,167 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors.

Thryv Stock Performance

NASDAQ THRY opened at $3.83 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. Thryv Holdings, Inc. has a twelve month low of $1.91 and a twelve month high of $15.49. The firm has a market capitalization of $169.17 million, a PE ratio of 11.97 and a beta of 0.91. The stock's 50 day moving average is $3.06 and its 200 day moving average is $5.14.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.16. Thryv had a return on equity of 6.58% and a net margin of 1.88%.The company had revenue of $167.68 million for the quarter, compared to analyst estimates of $161.69 million. Research analysts forecast that Thryv Holdings, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Activity at Thryv

In other news, CEO Joe Walsh purchased 15,000 shares of the company's stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $43,650.00. Following the completion of the transaction, the chief executive officer directly owned 775,749 shares of the company's stock, valued at $2,257,429.59. This trade represents a 1.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Paul D. Rouse purchased 14,000 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $2.35 per share, for a total transaction of $32,900.00. Following the completion of the transaction, the chief financial officer directly owned 349,079 shares of the company's stock, valued at $820,335.65. This represents a 4.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 45,000 shares of company stock worth $120,250 over the last 90 days. 9.88% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

THRY has been the topic of a number of recent analyst reports. Zacks Research upgraded Thryv from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Thryv in a research report on Friday, April 17th. Royal Bank Of Canada cut their price objective on Thryv from $13.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Friday, February 20th. Wall Street Zen lowered Thryv from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Finally, Needham & Company LLC cut their price objective on Thryv from $14.00 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $9.50.

About Thryv

Thryv Holdings, Inc NASDAQ: THRY is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv's offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.

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