D. E. Shaw & Co. Inc. Raises Stock Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

D. E. Shaw & Co. Inc. increased its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 88.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 0.38% of Thryv worth $2,358,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of THRY. XTX Topco Ltd increased its position in Thryv by 2.2% during the fourth quarter. XTX Topco Ltd now owns 29,665 shares of the company's stock worth $439,000 after buying an additional 633 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in Thryv by 27.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock valued at $58,000 after buying an additional 848 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock worth $141,000 after purchasing an additional 1,500 shares during the period. Corebridge Financial Inc. grew its holdings in Thryv by 8.9% in the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock worth $296,000 after buying an additional 1,631 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after purchasing an additional 1,715 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Royal Bank of Canada decreased their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. B. Riley decreased their price target on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, 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 report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.40.

Insider Buying and Selling

In other news, CEO Joe Walsh purchased 5,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were acquired at an average price of $13.40 per share, with a total value of $67,000.00. Following the acquisition, the chief executive officer now directly owns 586,043 shares in the company, 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 document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 6,200 shares of company stock worth $86,981 in the last 90 days. 9.88% of the stock is owned by company insiders.

Thryv Trading Down 2.8%

THRY traded down $0.38 during trading on Friday, reaching $13.01. 248,015 shares of the stock traded hands, compared to its average volume of 422,980. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $569.03 million, a PE ratio of -1.35 and a beta of 1.02. The stock's 50-day moving average is $13.07 and its 200 day moving average is $15.07. Thryv Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $22.31.

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

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.