Samjo Management LLC Trims Position in Thryv Holdings, Inc. $THRY

Key Points

• Samjo Management LLC has reduced its stake in Thryv Holdings, Inc. by 2.2%, holding approximately 2.2 million shares, which represents 11.9% of its portfolio, following a sale of nearly 50,000 shares.
• Thryv reported a loss in earnings per share for the last quarter, with actual EPS of $0.31 falling short of the $0.40 expected by analysts, despite revenue beating estimates.
• Analysts have mixed outlooks on Thryv, with target price reductions from institutions like Royal Bank of Canada while others have upgraded the stock to a "buy," indicating varied confidence in its future performance.

Samjo Management LLC lowered its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,199,550 shares of the company's stock after selling 49,795 shares during the period. Thryv accounts for approximately 11.9% of Samjo Management LLC's holdings, making the stock its biggest holding. Samjo Management LLC owned 5.03% of Thryv worth $28,176,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of THRY. GAMMA Investing LLC grew its stake in Thryv by 5,199.7% in the first quarter. GAMMA Investing LLC now owns 17,012 shares of the company's stock worth $218,000 after purchasing an additional 16,691 shares in the last quarter. Millennium Management LLC grew its position in shares of Thryv by 31.4% in the 4th quarter. Millennium Management LLC now owns 321,905 shares of the company's stock worth $4,764,000 after acquiring an additional 76,894 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Thryv in the 1st quarter worth approximately $212,000. Rhumbline Advisers increased its holdings in shares of Thryv by 2.5% in the 1st quarter. Rhumbline Advisers now owns 102,261 shares of the company's stock valued at $1,310,000 after acquiring an additional 2,477 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Thryv in the fourth quarter worth about $1,056,000. Institutional investors own 96.38% of the company's stock.

Thryv Price Performance

NASDAQ THRY opened at $13.80 on Friday. Thryv Holdings, Inc. has a 1 year low of $10.02 and a 1 year high of $20.92. The business's fifty day moving average is $12.68 and its two-hundred day moving average is $13.94. The stock has a market capitalization of $606.32 million, a P/E ratio of -5.82 and a beta of 0.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.20 and a current ratio of 1.20.

Thryv (NASDAQ:THRY - Get Free Report) last announced its 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). Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%.The company had revenue of $210.47 million for the quarter, compared to analyst estimates of $203.87 million. During the same period last year, the firm earned $0.15 earnings per share. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Insider Activity at Thryv

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

Analysts Set New Price Targets

THRY has been the topic of several analyst reports. Royal Bank Of Canada dropped 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. Needham & Company LLC reduced their target price on shares of Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Thryv from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.40.

Thryv Company 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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