Clark Estates Inc. NY Lowers Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Clark Estates Inc. NY trimmed its holdings in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 27.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,390 shares of the company's stock after selling 28,404 shares during the period. Clark Estates Inc. NY owned about 0.17% of Thryv worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in THRY. Summit Investment Advisors Inc. increased its holdings in shares of Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock worth $58,000 after purchasing an additional 848 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Thryv in the fourth quarter worth about $92,000. Clarus Group Inc. bought a new stake in shares of Thryv in the first quarter worth about $134,000. ProShare Advisors LLC bought a new stake in shares of Thryv in the fourth quarter worth about $167,000. Finally, Arizona State Retirement System bought a new stake in Thryv during the first quarter worth approximately $146,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Thryv Trading Down 7.8%

Shares of NASDAQ:THRY traded down $1.03 during trading hours on Friday, hitting $12.13. 797,015 shares of the company's stock traded hands, compared to its average volume of 502,293. Thryv Holdings, Inc. has a 1 year low of $10.02 and a 1 year high of $20.92. The business has a fifty day moving average price of $12.75 and a 200-day moving average price of $14.31. The firm has a market capitalization of $530.54 million, a P/E ratio of -5.12 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 1.07.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (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 business had revenue of $210.47 million for the quarter, compared to analysts' expectations of $203.87 million. During the same quarter last year, the firm earned $0.15 EPS. The firm's quarterly revenue was down 6.1% on a year-over-year basis. Equities analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

THRY has been the topic of several analyst reports. B. Riley reduced their price objective on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reduced their price objective on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada reduced their price objective on Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Insider Activity

In other Thryv news, CEO Joe Walsh bought 5,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $13.40 per share, for a total transaction of $67,000.00. Following the completion of the transaction, the chief executive officer directly owned 586,043 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 9.88% of the stock is owned by company insiders.

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.