Deutsche Bank AG Increases Stock Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Deutsche Bank AG boosted its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 432.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 413,813 shares of the company's stock after buying an additional 336,133 shares during the quarter. Deutsche Bank AG owned approximately 0.98% of Thryv worth $6,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THRY. Paulson & CO. Inc. boosted its stake in shares of Thryv by 114.0% during the 4th quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock worth $63,344,000 after acquiring an additional 2,280,000 shares in the last quarter. Vanguard Group Inc. boosted its position in Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock worth $44,155,000 after purchasing an additional 548,864 shares in the last quarter. Ghisallo Capital Management LLC purchased a new position in Thryv during the fourth quarter worth approximately $7,400,000. Whetstone Capital Advisors LLC grew its holdings in Thryv by 131.6% in the fourth quarter. Whetstone Capital Advisors LLC now owns 650,674 shares of the company's stock valued at $9,630,000 after purchasing an additional 369,763 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Thryv by 31.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company's stock valued at $16,135,000 after buying an additional 262,111 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company's stock.

Thryv Price Performance

Shares of NASDAQ:THRY traded down $1.13 during trading on Wednesday, reaching $13.17. The stock had a trading volume of 670,711 shares, compared to its average volume of 421,178. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. Thryv Holdings, Inc. has a 1-year low of $10.03 and a 1-year high of $22.31. The stock has a market cap of $576.03 million, a PE ratio of -1.36 and a beta of 1.02. The business has a fifty day moving average price of $13.20 and a 200-day moving average price of $15.11.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.46). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business had revenue of $181.37 million for the quarter, compared to analyst estimates of $173.83 million. During the same period last year, the firm earned $0.22 EPS. The company's revenue for the quarter was down 22.3% compared to the same quarter last year. On average, equities analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

THRY has been the topic of a number of recent analyst reports. Needham & Company LLC decreased their target price on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada decreased their price objective 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. Finally, 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 research report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.40.

Insider Buying and Selling

In related news, CEO Joe Walsh purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $13.40 per share, with a total value of $67,000.00. Following the completion of the acquisition, the chief executive officer now owns 586,043 shares in the company, valued at $7,852,976.20. This trade represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have acquired 6,200 shares of company stock worth $86,981. 9.88% of the stock is owned by 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.