64,612 Shares in Thryv Holdings, Inc. (NASDAQ:THRY) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 64,612 shares of the company's stock, valued at approximately $956,000. Point72 Asset Management L.P. owned about 0.15% of Thryv at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in Thryv in the fourth quarter valued at $44,000. Summit Investment Advisors Inc. boosted its holdings in Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock valued at $58,000 after purchasing an additional 848 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Thryv in the fourth quarter valued at $92,000. Oregon Public Employees Retirement Fund boosted its holdings in Thryv by 18.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock valued at $141,000 after purchasing an additional 1,500 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Thryv in the fourth quarter valued at $167,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on THRY. B. Riley lowered their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered their target price 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. Finally, Needham & Company LLC lowered their target price on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Thryv has a consensus rating of "Moderate Buy" and an average target price of $21.40.

Thryv Stock Up 2.8%

THRY stock traded up $0.36 during midday trading on Tuesday, hitting $13.37. The company's stock had a trading volume of 25,383 shares, compared to its average volume of 422,219. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv Holdings, Inc. has a 52-week low of $10.03 and a 52-week high of $22.31. The firm has a market capitalization of $584.78 million, a P/E ratio of -1.37 and a beta of 1.02. The firm has a 50-day simple moving average of $13.03 and a 200-day simple moving average of $15.05.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) earnings per share 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 firm had revenue of $181.37 million during the quarter, compared to analyst estimates of $173.83 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. Thryv's revenue for the quarter was down 22.3% compared to the same quarter last year. As a group, equities analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh purchased 5,000 shares of Thryv stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $13.40 per share, with a total value of $67,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have acquired 6,200 shares of company stock worth $86,981. 9.88% of the stock is owned by company insiders.

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.