Nuveen LLC Purchases New Stake in Thryv Holdings, Inc. $THRY

Nuveen LLC purchased a new position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 82,001 shares of the company's stock, valued at approximately $1,050,000. Nuveen LLC owned approximately 0.19% of Thryv at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Thryv during the 1st quarter valued at about $30,209,000. J. Goldman & Co LP acquired a new position in Thryv during the 4th quarter valued at about $13,654,000. Brooktree Capital Management grew its stake in Thryv by 37.7% during the 1st quarter. Brooktree Capital Management now owns 700,035 shares of the company's stock valued at $8,967,000 after purchasing an additional 191,728 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Thryv by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 594,512 shares of the company's stock valued at $7,616,000 after purchasing an additional 13,824 shares during the last quarter. Finally, CenterBook Partners LP purchased a new stake in Thryv during the 1st quarter valued at about $5,696,000. 96.38% of the stock is owned by institutional investors.

Insider Transactions at Thryv

In other Thryv news, CEO Joe Walsh purchased 8,000 shares of the stock in a transaction on Friday, August 1st. The shares were bought at an average price of $12.90 per share, for a total transaction 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. This trade represents a 1.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased a total of 10,814 shares of company stock worth $139,838 in the last quarter. Corporate insiders own 9.88% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Thryv from a "buy" rating to a "hold" rating in a research note on Saturday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Thryv presently has an average rating of "Moderate Buy" and a consensus price target of $21.40.

Thryv Stock Performance

Shares of THRY traded down $0.01 during mid-day trading on Wednesday, reaching $12.41. The company had a trading volume of 490,503 shares, compared to its average volume of 472,822. 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. The stock has a market capitalization of $545.30 million, a P/E ratio of -5.24 and a beta of 0.94. The stock has a 50 day moving average of $12.73 and a two-hundred day moving average of $13.58.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The business had revenue of $210.47 million for the quarter, compared to analysts' expectations of $203.87 million. Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%.The business's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

About Thryv

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.