CenterBook Partners LP Invests $5.70 Million 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 bought a new stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 444,672 shares of the company's stock, valued at approximately $5,696,000. CenterBook Partners LP owned approximately 1.02% of Thryv as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in THRY. American Century Companies Inc. raised its holdings in Thryv by 14.1% during the fourth quarter. American Century Companies Inc. now owns 64,473 shares of the company's stock worth $954,000 after purchasing an additional 7,970 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Thryv during the fourth quarter worth approximately $92,000. Vanguard Group Inc. raised its holdings in Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock worth $44,155,000 after purchasing an additional 548,864 shares in the last quarter. Corebridge Financial Inc. raised its holdings in Thryv by 8.9% during the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock worth $296,000 after purchasing an additional 1,631 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Thryv by 22.4% during the fourth quarter. JPMorgan Chase & Co. now owns 271,874 shares of the company's stock worth $4,024,000 after purchasing an additional 49,697 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Thryv from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Needham & Company LLC cut their price objective on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. B. Riley cut their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank Of Canada cut their target price on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Thryv Stock Performance

Shares of Thryv stock traded down $0.28 during trading on Monday, reaching $12.60. The company's stock had a trading volume of 342,198 shares, compared to its average volume of 503,963. The company has a 50-day moving average price of $12.70 and a two-hundred day moving average price of $14.17. The firm has a market cap of $553.42 million, a PE ratio of -5.32 and a beta of 0.94. Thryv Holdings, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $20.92. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.24.

Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $203.87 million. During the same quarter last year, the business earned $0.15 earnings per share. The business's quarterly revenue was down 6.1% on a year-over-year basis. On average, analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Insider Activity at Thryv

In related news, CEO Joe Walsh bought 8,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $12.90 per share, for a total transaction of $103,200.00. Following the transaction, the chief executive officer owned 592,232 shares of the company's stock, valued at approximately $7,639,792.80. This trade represents a 1.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.88% of the company's stock.

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.