D. E. Shaw & Co. Inc. Buys 74,648 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

D. E. Shaw & Co. Inc. boosted its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 88.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,332 shares of the company's stock after acquiring an additional 74,648 shares during the period. D. E. Shaw & Co. Inc. owned 0.38% of Thryv worth $2,358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB acquired a new position in Thryv during the 4th quarter valued at about $44,000. Summit Investment Advisors Inc. raised its stake in shares of Thryv by 27.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock worth $58,000 after buying an additional 848 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Thryv in the fourth quarter valued at approximately $92,000. Oregon Public Employees Retirement Fund boosted its stake in Thryv by 18.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock valued at $141,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after acquiring an additional 1,715 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Needham & Company LLC dropped their target price on shares of Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. B. Riley decreased their price objective on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada cut their target price 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 given a buy rating to the stock. According to data from MarketBeat, Thryv has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Thryv Trading Down 2.8%

Shares of NASDAQ THRY traded down $0.38 during midday trading on Monday, reaching $13.01. 248,015 shares of the stock were exchanged, compared to its average volume of 423,774. Thryv Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $22.31. The company has a market capitalization of $569.03 million, a price-to-earnings ratio of -1.35 and a beta of 1.02. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day simple moving average of $13.03 and a two-hundred day simple moving average of $15.05.

Thryv (NASDAQ:THRY - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business had revenue of $181.37 million during the quarter, compared to analyst estimates of $173.83 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm's revenue was down 22.3% on a year-over-year basis. As a group, equities research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Joe Walsh acquired 5,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $13.40 per share, with a total value of $67,000.00. Following the completion of the transaction, the chief executive officer now directly owns 586,043 shares of the company's stock, valued at approximately $7,852,976.20. The trade was a 0.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have purchased 6,200 shares of company stock worth $86,981. Company insiders own 9.88% of the company's stock.

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.