Thryv Holdings, Inc. (NASDAQ:THRY) Shares Sold by Minerva Advisors LLC

Key Points

• Minerva Advisors LLC reduced its stake in Thryv Holdings, Inc. by 9.6% during the 1st quarter, now owning 202,329 shares, making Thryv its 18th largest position.
• Thryv reported earnings of $0.31 per share, missing expectations, with revenue down 6.1% year-over-year.
• The company's stock has seen varying analyst price targets, with Royal Bank of Canada lowering its target from $17.00 to $16.00 while maintaining a "sector perform" rating.

Minerva Advisors LLC trimmed its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,329 shares of the company's stock after selling 21,500 shares during the period. Thryv comprises 1.6% of Minerva Advisors LLC's holdings, making the stock its 18th biggest holding. Minerva Advisors LLC owned approximately 0.46% of Thryv worth $2,592,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA acquired a new stake in Thryv during the first quarter valued at $30,209,000. Paulson & CO. Inc. raised its position in Thryv by 114.0% during the 4th quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock worth $63,344,000 after buying an additional 2,280,000 shares during the last quarter. J. Goldman & Co LP acquired a new position in shares of Thryv during the 4th quarter worth $13,654,000. Vanguard Group Inc. boosted its stake in shares of Thryv by 22.5% during the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock worth $44,155,000 after purchasing an additional 548,864 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in Thryv in the fourth quarter valued at approximately $7,400,000. Hedge funds and other institutional investors own 96.38% of the company's stock.

Analyst Ratings Changes

THRY has been the topic of several research analyst reports. Royal Bank Of Canada decreased their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Wall Street Zen upgraded Thryv from a "hold" rating to a "buy" rating in a research note on Saturday. 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 research report on Thursday, May 1st. Finally, B. Riley lowered their price objective on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.40.

Thryv Trading Up 5.2%

Thryv stock traded up $0.63 during midday trading on Monday, reaching $12.76. The stock had a trading volume of 129,740 shares, compared to its average volume of 499,621. The firm has a market cap of $560.62 million, a price-to-earnings ratio of -5.37 and a beta of 0.94. The company has a fifty day moving average of $12.73 and a 200 day moving average of $14.27. Thryv Holdings, Inc. has a 52-week low of $10.02 and a 52-week high of $20.92. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.24.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.09). Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. The firm had revenue of $210.47 million during the quarter, compared to analyst estimates of $203.87 million. During the same quarter last year, the business earned $0.15 earnings per share. Thryv's revenue was down 6.1% on a year-over-year basis. On average, analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Insider Transactions at Thryv

In related news, CEO Joe Walsh acquired 5,000 shares of the firm's stock in a transaction dated 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 acquisition, the chief executive officer owned 586,043 shares in the company, valued at $7,852,976.20. The trade was a 0.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.88% of the company's stock.

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.