Massachusetts Financial Services Co. MA Takes Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Massachusetts Financial Services Co. MA bought a new stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,358,265 shares of the company's stock, valued at approximately $30,209,000. Massachusetts Financial Services Co. MA owned approximately 5.39% of Thryv as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in THRY. New York State Common Retirement Fund increased its stake in shares of Thryv by 4.5% in the 1st quarter. New York State Common Retirement Fund now owns 29,974 shares of the company's stock worth $384,000 after acquiring an additional 1,300 shares during the last quarter. Arizona State Retirement System purchased a new stake in Thryv during the 1st quarter worth about $146,000. Bank of New York Mellon Corp boosted its stake in Thryv by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 216,677 shares of the company's stock worth $2,776,000 after buying an additional 10,176 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Thryv by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 201,186 shares of the company's stock valued at $2,577,000 after purchasing an additional 4,664 shares in the last quarter. Finally, Acuitas Investments LLC raised its holdings in shares of Thryv by 31.5% during the 1st quarter. Acuitas Investments LLC now owns 52,251 shares of the company's stock valued at $669,000 after buying an additional 12,510 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Price Performance

THRY traded down $0.24 during midday trading on Friday, hitting $11.79. The company had a trading volume of 454,242 shares, compared to its average volume of 440,065. Thryv Holdings, Inc. has a twelve month low of $10.03 and a twelve month high of $20.92. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm's 50-day simple moving average is $13.08 and its 200-day simple moving average is $14.45. The company has a market capitalization of $515.69 million, a PE ratio of -4.66 and a beta of 0.94.

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). The company had revenue of $181.37 million during the quarter, compared to the consensus estimate of $173.83 million. Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. The business's revenue was down 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. Equities research analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Insider Transactions at Thryv

In other news, CEO Joe Walsh acquired 5,000 shares of Thryv 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 purchase, the chief executive officer directly owned 586,043 shares in the company, valued at $7,852,976.20. The trade was a 0.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.88% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on THRY. Royal Bank Of Canada cut their price target on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reduced their price objective on shares of Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, B. Riley lowered their price objective on shares of Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average 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.