CenterBook Partners LP Buys New Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Key Points

• CenterBook Partners LP acquired 444,672 shares of Thryv Holdings, Inc., valued at approximately $5,696,000, representing a 1.02% ownership stake in the company.
• The stock of Thryv opened at $13.75 and has a market capitalization of $604.18 million, with a recent 1-year performance ranging from $10.02 to $20.92.
• CEO Joe Walsh purchased 8,000 shares of Thryv at an average price of $12.90, which increased his ownership by 1.37%, totaling approximately $7.63 million in shares.

CenterBook Partners LP purchased a new position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 444,672 shares of the company's stock, valued at approximately $5,696,000. CenterBook Partners LP owned about 1.02% of Thryv as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Paulson & CO. Inc. boosted its stake in 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 acquiring an additional 2,280,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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. Massachusetts Financial Services Co. MA bought a new position in Thryv during the first quarter valued at $30,209,000. J. Goldman & Co LP purchased a new stake in Thryv in the fourth quarter worth $13,654,000. Finally, Geode Capital Management LLC raised its stake in shares of Thryv by 17.9% in the fourth quarter. Geode Capital Management LLC now owns 904,224 shares of the company's stock valued at $13,386,000 after buying an additional 137,087 shares during the period. Institutional investors own 96.38% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on THRY shares. Wall Street Zen upgraded Thryv from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada reduced their target price on shares of 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 dropped their price target on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, B. Riley cut 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.40.

Thryv Price Performance

THRY stock traded up $0.03 during mid-day trading on Friday, reaching $12.87. 540,938 shares of the company traded hands, compared to its average volume of 578,196. The company has a fifty day moving average price of $12.70 and a 200-day moving average price of $14.20. Thryv Holdings, Inc. has a 52-week low of $10.02 and a 52-week high of $20.92. The company has a market capitalization of $565.51 million, a P/E ratio of -5.43 and a beta of 0.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20.

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

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh acquired 8,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price 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. This represents a 1.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.88% of the stock is owned by company insiders.

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.