Jane Street Group LLC Raises Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Jane Street Group LLC boosted its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 341.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 73,106 shares of the company's stock after buying an additional 56,552 shares during the period. Jane Street Group LLC owned approximately 0.17% of Thryv worth $1,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in Thryv during the 4th quarter valued at $44,000. Summit Investment Advisors Inc. raised its holdings in Thryv by 27.7% during the 4th 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 during the period. KLP Kapitalforvaltning AS purchased a new stake in Thryv during the 4th quarter valued at $92,000. Oregon Public Employees Retirement Fund raised its holdings in Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock valued at $141,000 after buying an additional 1,500 shares during the period. Finally, Amalgamated Bank raised its holdings 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 buying an additional 1,715 shares during the period. Hedge funds and other institutional investors own 96.38% of the company's stock.

Insider Activity

In related news, CEO Joe Walsh bought 5,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $13.40 per share, for a total transaction of $67,000.00. Following the completion of the purchase, the chief executive officer now directly owns 586,043 shares of the company's stock, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 6,200 shares of company stock worth $86,981. Company insiders own 9.88% of the company's stock.

Thryv Stock Up 6.0%

Shares of Thryv stock traded up $0.78 during trading on Tuesday, hitting $13.79. 383,344 shares of the stock traded hands, compared to its average volume of 423,613. The firm has a market cap of $603.15 million, a P/E ratio of -1.43 and a beta of 1.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv Holdings, Inc. has a 52-week low of $10.03 and a 52-week high of $22.31. The stock's fifty day simple moving average is $13.00 and its 200 day simple moving average is $15.05.

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

Analyst Ratings Changes

Several research firms recently weighed in on THRY. B. Riley decreased their price target on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC reduced their target price 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 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 assigned a buy rating to the stock. According to data from MarketBeat, Thryv presently has a consensus rating of "Moderate Buy" and an average target price of $21.40.

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.