Jackson Creek Investment Advisors LLC Invests $1.15 Million in Thryv Holdings, Inc. (NASDAQ:THRY)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 89,850 shares of the company's stock, valued at approximately $1,151,000. Jackson Creek Investment Advisors LLC owned approximately 0.21% of Thryv as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in THRY. Summit Investment Advisors Inc. grew its stake 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 acquiring an additional 848 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Thryv in the 4th quarter worth approximately $92,000. Clarus Group Inc. bought a new stake in shares of Thryv during the 1st quarter valued at about $134,000. ProShare Advisors LLC purchased a new position in shares of Thryv during the 4th quarter worth $167,000. Finally, Arizona State Retirement System bought a new stake in shares of Thryv during the 1st quarter valued at $146,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

THRY has been the topic of several recent research reports. Needham & Company LLC decreased 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. B. Riley lowered their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Royal Bank Of Canada dropped their target price on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.40.

Insider Transactions at Thryv

In other news, CEO Joe Walsh acquired 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, 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. The trade was a 0.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.88% of the stock is currently owned by corporate insiders.

Thryv Price Performance

THRY traded down $0.02 during trading on Friday, hitting $12.01. 42,435 shares of the company traded hands, compared to its average volume of 488,591. The stock's 50-day simple moving average is $13.12 and its two-hundred day simple moving average is $14.47. Thryv Holdings, Inc. has a 1 year low of $10.02 and a 1 year high of $20.92. The company has a market cap of $525.32 million, a PE ratio of -4.75 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly 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). The business had revenue of $181.37 million for the quarter, compared to analysts' expectations of $173.83 million. Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. Thryv's revenue for the quarter was down 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. As a group, sell-side analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal 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.

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