Magnetar Financial LLC Makes New $398,000 Investment in Thryv Holdings, Inc. $THRY

Key Points

• Magnetar Financial LLC acquired 31,098 shares of Thryv Holdings, Inc. for approximately $398,000 during the 1st quarter, increasing institutional ownership of the stock to 96.38%.
• CEO Joe Walsh purchased 8,000 shares at $12.90 each, raising his total holdings to 592,232 shares valued at over $7.6 million, symbolizing confidence in the company's future.
• Thryv reported quarterly earnings of $0.31 per share, missing estimates, and had a revenue decrease of 6.1% year-over-year, reflecting ongoing challenges for the company.

Magnetar Financial LLC purchased a new position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,098 shares of the company's stock, valued at approximately $398,000. Magnetar Financial LLC owned 0.07% of Thryv as of its most recent SEC filing.

Several other large investors have also modified their holdings of THRY. GAMMA Investing LLC increased its holdings in shares of Thryv by 5,199.7% in the 1st quarter. GAMMA Investing LLC now owns 17,012 shares of the company's stock valued at $218,000 after acquiring an additional 16,691 shares during the period. Millennium Management LLC increased 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 during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Thryv in the first quarter valued at about $212,000. Rhumbline Advisers grew its holdings in shares of 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 buying an additional 2,477 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Thryv in the 4th quarter valued at about $1,056,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Joe Walsh acquired 8,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of $12.90 per share, with a total value of $103,200.00. Following the completion of the transaction, the chief executive officer directly owned 592,232 shares in the company, valued at approximately $7,639,792.80. This represents a 1.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders bought 10,814 shares of company stock worth $139,838. Company insiders own 9.88% of the company's stock.

Thryv Price Performance

THRY stock traded up $0.10 during trading on Friday, reaching $12.50. 448,816 shares of the company were exchanged, compared to its average volume of 500,572. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.20 and a current ratio of 1.20. The stock's 50 day moving average price is $12.74 and its 200 day moving average price is $13.53. Thryv Holdings, Inc. has a 52-week low of $10.02 and a 52-week high of $20.92. The company has a market cap of $549.25 million, a P/E ratio of -5.27 and a beta of 0.94.

Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The company had revenue of $210.47 million for the quarter, compared to analyst estimates of $203.87 million. Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. Thryv's revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Thryv from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.