Brooktree Capital Management boosted its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 37.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 700,035 shares of the company's stock after purchasing an additional 191,728 shares during the period. Thryv accounts for 7.3% of Brooktree Capital Management's investment portfolio, making the stock its 6th biggest holding. Brooktree Capital Management owned 1.60% of Thryv worth $8,967,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of THRY. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Thryv in the 1st quarter valued at $1,151,000. Parthenon LLC lifted its stake in shares of Thryv by 30.0% in the 1st quarter. Parthenon LLC now owns 125,673 shares of the company's stock valued at $1,610,000 after purchasing an additional 29,000 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Thryv in the 1st quarter valued at $30,209,000. New York State Common Retirement Fund lifted its stake in shares of Thryv by 4.5% in the 1st quarter. New York State Common Retirement Fund now owns 29,974 shares of the company's stock valued at $384,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Arizona State Retirement System acquired a new stake in shares of Thryv in the 1st quarter valued at $146,000. Institutional investors and hedge funds own 96.38% of the company's stock.
Insider Buying and Selling
In other news, CEO Joe Walsh purchased 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, for a total transaction of $67,000.00. Following the completion of the transaction, the chief executive officer directly owned 586,043 shares in the company, valued at approximately $7,852,976.20. This represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.88% of the stock is currently owned by company insiders.
Analyst Ratings Changes
THRY has been the topic of several recent analyst reports. Needham & Company LLC dropped their target price on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. B. Riley dropped their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank Of Canada dropped their target price on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Thryv currently has an average rating of "Moderate Buy" and a consensus target price of $21.40.
Get Our Latest Report on THRY
Thryv Stock Performance
Shares of NASDAQ:THRY traded up $0.14 on Friday, hitting $11.90. 462,794 shares of the company were exchanged, compared to its average volume of 467,935. The company's 50 day moving average price is $12.83 and its two-hundred day moving average price is $14.36. Thryv Holdings, Inc. has a one year low of $10.02 and a one year high of $20.92. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $520.48 million, a price-to-earnings ratio of -4.70 and a beta of 0.94.
Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). The firm had revenue of $181.37 million during the quarter, compared to analyst estimates of $173.83 million. Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. Thryv's quarterly revenue was down 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. Research analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.
Thryv Company Profile
(
Free Report)
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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