Point72 Asset Management L.P. Takes $956,000 Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Point72 Asset Management L.P. bought a new position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 64,612 shares of the company's stock, valued at approximately $956,000. Point72 Asset Management L.P. owned 0.15% of Thryv as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Thryv by 17.7% during the fourth quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company's stock worth $339,000 after purchasing an additional 3,447 shares during the period. Corebridge Financial Inc. raised 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 purchasing an additional 1,631 shares during the period. Amalgamated Bank raised its position in shares of Thryv by 17.6% during the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after purchasing an additional 1,715 shares during the period. Principal Financial Group Inc. raised its position in shares of Thryv by 21.7% during the fourth quarter. Principal Financial Group Inc. now owns 196,522 shares of the company's stock worth $2,909,000 after purchasing an additional 35,073 shares during the period. Finally, Sei Investments Co. raised its position in shares of Thryv by 45.7% during the fourth quarter. Sei Investments Co. now owns 225,951 shares of the company's stock worth $3,344,000 after purchasing an additional 70,886 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Performance

THRY stock opened at $13.17 on Thursday. The firm has a 50 day simple moving average of $13.16 and a 200 day simple moving average of $15.09. Thryv Holdings, Inc. has a 52 week low of $10.03 and a 52 week high of $22.31. The stock has a market cap of $576.03 million, a P/E ratio of -1.36 and a beta of 1.02. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04.

Thryv (NASDAQ:THRY - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $181.37 million for the quarter, compared to analyst estimates of $173.83 million. During the same period last year, the business earned $0.22 EPS. The company's quarterly revenue was down 22.3% on a year-over-year basis. Research analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Joe Walsh purchased 5,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $13.40 per share, for a total transaction of $67,000.00. Following the acquisition, the chief executive officer now directly owns 586,043 shares in the company, valued at approximately $7,852,976.20. The trade was a 0.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 6,200 shares of company stock worth $86,981 in the last ninety days. Corporate insiders own 9.88% of the company's stock.

Analyst Upgrades and Downgrades

THRY has been the topic of a number of recent analyst reports. 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 report 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 report 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 report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.

Want to see what other hedge funds are holding THRY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thryv Holdings, Inc. (NASDAQ:THRY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.