Thryv Holdings, Inc. (NASDAQ:THRY) Holdings Decreased 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 reduced its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 202,329 shares of the company's stock after selling 21,500 shares during the quarter. Thryv accounts for approximately 1.6% of Minerva Advisors LLC's holdings, making the stock its 18th largest holding. Minerva Advisors LLC owned about 0.46% of Thryv worth $2,592,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of THRY. Meeder Asset Management Inc. acquired a new position in shares of Thryv in the 1st quarter worth approximately $262,000. Pinnacle Associates Ltd. grew its position in shares of Thryv by 82.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 56,456 shares of the company's stock worth $723,000 after acquiring an additional 25,493 shares in the last quarter. Brooktree Capital Management grew its position in shares of Thryv by 37.7% in the 1st quarter. Brooktree Capital Management now owns 700,035 shares of the company's stock worth $8,967,000 after acquiring an additional 191,728 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in Thryv during the 1st quarter valued at approximately $1,151,000. Finally, Parthenon LLC boosted its position in Thryv by 30.0% during the 1st quarter. Parthenon LLC now owns 125,673 shares of the company's stock valued at $1,610,000 after purchasing an additional 29,000 shares during the period. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on THRY. B. Riley cut their target price on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC cut 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 cut 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 investment 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, Thryv currently has a consensus rating of "Moderate Buy" and an average target price of $21.40.

Thryv Stock Performance

THRY stock traded down $1.03 during trading on Friday, reaching $12.13. 797,015 shares of the company's stock were exchanged, compared to its average volume of 506,087. The company has a quick ratio of 1.07, a current ratio of 1.20 and a debt-to-equity ratio of 1.24. Thryv Holdings, Inc. has a 1-year low of $10.02 and a 1-year high of $20.92. The company's fifty day moving average price is $12.73 and its 200-day moving average price is $14.29. The firm has a market cap of $532.99 million, a PE ratio of -5.12 and a beta of 0.94.

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

Insider Activity at Thryv

In related news, CEO Joe Walsh bought 5,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $13.40 per share, with a total value of $67,000.00. Following the completion of the transaction, the chief executive officer directly owned 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 legal filing with the Securities & Exchange Commission, which is available at this link. 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.