Samjo Management LLC Reduces Holdings 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 decreased its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,199,550 shares of the company's stock after selling 49,795 shares during the quarter. Thryv makes up about 11.9% of Samjo Management LLC's holdings, making the stock its biggest position. Samjo Management LLC owned approximately 5.03% of Thryv worth $28,176,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of THRY. Wells Fargo & Company MN increased its stake in shares of Thryv by 63.5% during the 4th quarter. Wells Fargo & Company MN now owns 19,840 shares of the company's stock worth $294,000 after purchasing an additional 7,703 shares during the last quarter. Invesco Ltd. increased its stake in shares of Thryv by 6.9% during the 4th quarter. Invesco Ltd. now owns 193,470 shares of the company's stock worth $2,863,000 after purchasing an additional 12,556 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Thryv by 11.6% during the 4th quarter. Legal & General Group Plc now owns 101,654 shares of the company's stock worth $1,504,000 after purchasing an additional 10,577 shares during the last quarter. Barclays PLC increased its stake in shares of Thryv by 11.6% during the 4th quarter. Barclays PLC now owns 73,824 shares of the company's stock worth $1,093,000 after purchasing an additional 7,698 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Thryv by 27.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,422 shares of the company's stock worth $347,000 after purchasing an additional 5,081 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company's stock.

Thryv Stock Down 1.6%

Shares of THRY stock traded down $0.21 during trading on Thursday, reaching $12.88. The company's stock had a trading volume of 121,031 shares, compared to its average volume of 498,741. The business has a fifty day moving average price of $12.70 and a 200-day moving average price of $13.83. 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 company has a market cap of $565.95 million, a price-to-earnings ratio of -5.43 and a beta of 0.94. Thryv Holdings, Inc. has a one year low of $10.02 and a one year high of $20.92.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The business had revenue of $210.47 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $0.15 EPS. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on THRY shares. Royal Bank Of Canada lowered their price target 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. Wall Street Zen upgraded shares of Thryv from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Needham & Company LLC reduced their price target on shares of Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $21.40.

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh acquired 8,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $12.90 per share, with a total value of $103,200.00. Following the completion of the transaction, the chief executive officer directly owned 592,232 shares in the company, valued at $7,639,792.80. This trade represents a 1.37% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 9,814 shares of company stock valued at $126,918 over the last 90 days. Insiders own 9.88% of the company's stock.

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.