Deutsche Bank AG grew its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 432.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 413,813 shares of the company's stock after buying an additional 336,133 shares during the period. Deutsche Bank AG owned approximately 0.98% of Thryv worth $6,124,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB acquired a new position in Thryv in the fourth quarter valued at about $44,000. Summit Investment Advisors Inc. raised its stake 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Thryv in the fourth quarter valued at about $92,000. Oregon Public Employees Retirement Fund raised its stake 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 in the last quarter. Finally, Amalgamated Bank raised its stake in Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after purchasing an additional 1,715 shares in the last quarter. Institutional investors own 96.38% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on THRY. Needham & Company LLC dropped their price target on Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada dropped their price target on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Finally, B. Riley dropped their price target on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Thryv currently has a consensus rating of "Moderate Buy" and an average target price of $21.40.
Get Our Latest Research Report on Thryv
Thryv Price Performance
Thryv stock traded down $0.38 during midday trading on Friday, reaching $13.01. The company's stock had a trading volume of 248,015 shares, compared to its average volume of 422,980. Thryv Holdings, Inc. has a 52 week low of $10.03 and a 52 week high of $22.31. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The business has a 50-day moving average price of $13.07 and a 200-day moving average price of $15.07. The stock has a market cap of $569.03 million, a PE ratio of -1.35 and a beta of 1.02.
Thryv (NASDAQ:THRY - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) 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 business had revenue of $181.37 million during the quarter, compared to the consensus estimate of $173.83 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business's revenue was down 22.3% on a year-over-year basis. On average, sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.
Insider Transactions at Thryv
In other news, CEO Joe Walsh purchased 5,000 shares of Thryv stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $13.40 per share, for a total transaction of $67,000.00. Following the completion of the acquisition, the chief executive officer now owns 586,043 shares in the company, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have bought 6,200 shares of company stock worth $86,981. Insiders own 9.88% of the company's stock.
About Thryv
(
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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