Jackson Creek Investment Advisors LLC bought a new position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in THRY. GAMMA Investing LLC lifted its holdings in Thryv by 5,199.7% during the 1st quarter. GAMMA Investing LLC now owns 17,012 shares of the company's stock valued at $218,000 after purchasing an additional 16,691 shares during the last quarter. Millennium Management LLC raised its stake in Thryv by 31.4% in the fourth quarter. Millennium Management LLC now owns 321,905 shares of the company's stock valued at $4,764,000 after purchasing an additional 76,894 shares in the last quarter. Corebridge Financial Inc. raised its position in Thryv by 8.9% during the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock valued at $296,000 after purchasing an additional 1,631 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Thryv during the first quarter worth about $212,000. Finally, Rhumbline Advisers raised its stake in Thryv by 2.5% during the first quarter. Rhumbline Advisers now owns 102,261 shares of the company's stock worth $1,310,000 after acquiring an additional 2,477 shares in the last quarter. 96.38% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on THRY. Royal Bank Of Canada reduced their price objective on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC dropped 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. Finally, B. Riley dropped 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Thryv presently has an average rating of "Moderate Buy" and an average target price of $21.40.
View Our Latest Stock Analysis on Thryv
Insider Transactions at Thryv
In other news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $13.40 per share, for a total transaction of $67,000.00. Following the transaction, the chief executive officer owned 586,043 shares of the company's stock, valued at $7,852,976.20. The trade was a 0.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.88% of the stock is currently owned by company insiders.
Thryv Stock Up 1.7%
NASDAQ:THRY traded up $0.20 during mid-day trading on Monday, hitting $11.99. 51,610 shares of the company's stock were exchanged, compared to its average volume of 438,787. The business has a fifty day moving average price of $13.08 and a 200 day moving average price of $14.45. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $524.40 million, a PE ratio of -4.73 and a beta of 0.94. Thryv Holdings, Inc. has a one year low of $10.03 and a one year high of $20.92.
Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.46). Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. The company had revenue of $181.37 million for the quarter, compared to analysts' expectations of $173.83 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The firm's revenue for the quarter was down 22.3% on a year-over-year basis. Equities analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.
Thryv Profile
(
Free Report)
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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