Royce & Associates LP Has $7.76 Million Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Key Points

• Royce & Associates LP reduced its stake in Thryv Holdings, Inc. by 7.0%, holding 605,826 shares worth approximately $7.76 million.
• Thryv reported a quarterly loss of ($0.22) earnings per share, missing the consensus estimate, while its revenue for the quarter was $181.37 million, higher than expected.
• Analyst ratings for Thryv show a mixed outlook, with target prices lowered by firms like B. Riley and Royal Bank of Canada but maintaining a consensus rating of "Moderate Buy."

Royce & Associates LP cut its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 605,826 shares of the company's stock after selling 45,639 shares during the period. Royce & Associates LP owned 1.39% of Thryv worth $7,761,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in shares of Thryv by 2.9% in the fourth quarter. Swiss National Bank now owns 67,800 shares of the company's stock valued at $1,003,000 after acquiring an additional 1,900 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Thryv by 16.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 31,171 shares of the company's stock valued at $461,000 after purchasing an additional 4,373 shares in the last quarter. American Century Companies Inc. raised its position in Thryv by 14.1% in the 4th quarter. American Century Companies Inc. now owns 64,473 shares of the company's stock valued at $954,000 after purchasing an additional 7,970 shares during the last quarter. Sei Investments Co. raised its position in Thryv by 45.7% in the 4th quarter. Sei Investments Co. now owns 225,951 shares of the company's stock valued at $3,344,000 after purchasing an additional 70,886 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Thryv in the fourth quarter worth $92,000. 96.38% of the stock is owned by institutional investors.

Thryv Trading Up 1.2%

Shares of THRY opened at $11.90 on Friday. The stock's fifty day simple moving average is $12.83 and its 200-day simple moving average is $14.35. The firm has a market capitalization of $520.51 million, a PE ratio of -4.70 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 quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.41.

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 the consensus estimate of $0.24 by ($0.46). The firm had revenue of $181.37 million for the quarter, compared to the consensus estimate of $173.83 million. Thryv had a negative return on equity of 51.25% and a negative net margin of 11.94%. The business's revenue for the quarter was down 22.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, research analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. B. Riley lowered their target price on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Royal Bank Of Canada lowered their price objective on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Finally, Needham & Company LLC reduced their target price on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.40.

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh acquired 5,000 shares of Thryv stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $13.40 per share, with a total value of $67,000.00. Following the completion of the purchase, the chief executive officer owned 586,043 shares in the company, valued at $7,852,976.20. The trade was a 0.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.88% of the stock is currently 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.

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