Minerva Advisors LLC Cuts Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Key Points

• Minerva Advisors LLC sold 21,500 shares of Thryv Holdings, reducing its holdings by 9.6%, with Thryv now representing about 1.6% of its portfolio.
• CEO Joe Walsh purchased 5,000 shares of Thryv stock at $13.40 each, increasing his ownership to 586,043 shares valued at approximately $7.85 million.
• Thryv reported $0.31 earnings per share in its last quarterly earnings, missing estimates and showing a 6.1% decrease in revenue compared to the previous year.

Minerva Advisors LLC trimmed its holdings in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 9.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,329 shares of the company's stock after selling 21,500 shares during the quarter. Thryv makes up about 1.6% of Minerva Advisors LLC's holdings, making the stock its 19th biggest position. Minerva Advisors LLC owned 0.46% of Thryv worth $2,592,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Thryv by 5,199.7% during the 1st quarter. GAMMA Investing LLC now owns 17,012 shares of the company's stock valued at $218,000 after buying an additional 16,691 shares during the last quarter. Millennium Management LLC increased its holdings 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 last quarter. Corebridge Financial Inc. boosted its position in shares of Thryv by 8.9% during the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock worth $296,000 after buying an additional 1,631 shares during the period. Exchange Traded Concepts LLC bought a new stake in Thryv in the 1st quarter valued at $212,000. Finally, Rhumbline Advisers increased its stake in Thryv by 2.5% during the 1st quarter. Rhumbline Advisers now owns 102,261 shares of the company's stock worth $1,310,000 after acquiring an additional 2,477 shares during the period. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Thryv Trading Up 0.3%

NASDAQ:THRY traded up $0.04 on Wednesday, reaching $13.40. The stock had a trading volume of 83,831 shares, compared to its average volume of 499,855. The company has a market cap of $588.58 million, a price-to-earnings ratio of -5.65 and a beta of 0.94. Thryv Holdings, Inc. has a 12-month low of $10.02 and a 12-month high of $20.92. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20. The firm's fifty day moving average is $12.72 and its two-hundred day moving average is $14.25.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.09). The firm 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%. The firm's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Equities analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh purchased 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $12.90 per share, with a total value of $103,200.00. Following the completion of the transaction, the chief executive officer owned 592,232 shares of the company's stock, valued at $7,639,792.80. The trade was a 1.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 9.88% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on THRY. Wall Street Zen raised Thryv from a "hold" rating to a "buy" rating in a research report on Saturday. B. Riley dropped their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC reduced their price target on shares of Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada decreased their price target on shares of 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.