Massachusetts Financial Services Co. MA acquired a new stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,358,265 shares of the company's stock, valued at approximately $30,209,000. Massachusetts Financial Services Co. MA owned about 5.39% of Thryv as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Paulson & CO. Inc. boosted its stake in shares of Thryv by 114.0% in the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock worth $63,344,000 after acquiring an additional 2,280,000 shares during the period. J. Goldman & Co LP bought a new stake in shares of Thryv in the 4th quarter valued at approximately $13,654,000. Vanguard Group Inc. lifted its stake in shares of Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after purchasing an additional 548,864 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Thryv in the 4th quarter valued at approximately $7,400,000. Finally, Whetstone Capital Advisors LLC raised its holdings in shares of Thryv by 131.6% in the fourth quarter. Whetstone Capital Advisors LLC now owns 650,674 shares of the company's stock worth $9,630,000 after buying an additional 369,763 shares during the period. Hedge funds and other institutional investors own 96.38% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on the company. Needham & Company LLC reduced their price objective on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada lowered their price target on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Finally, B. Riley decreased their price objective on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.40.
Check Out Our Latest Report on THRY
Thryv Price Performance
Shares of Thryv stock traded down $0.21 on Tuesday, hitting $11.97. The company's stock had a trading volume of 524,898 shares, compared to its average volume of 441,339. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07. Thryv Holdings, Inc. has a 1 year low of $10.03 and a 1 year high of $20.92. The firm has a fifty day moving average price of $13.08 and a 200-day moving average price of $14.45. The company has a market capitalization of $523.57 million, a price-to-earnings ratio of -4.73 and a beta of 0.94.
Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.46). Thryv had a negative return on equity of 51.25% and a negative net margin of 11.94%. The firm had revenue of $181.37 million for the quarter, compared to analysts' expectations of $173.83 million. During the same quarter last year, the firm posted $0.22 earnings per share. Thryv's quarterly revenue was down 22.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.
Insider Activity
In other Thryv news, CEO Joe Walsh acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $13.40 per share, for a total transaction of $67,000.00. Following the completion of the acquisition, the chief executive officer 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.88% of the stock is owned by company insiders.
Thryv Profile
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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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