Parthenon LLC grew its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 30.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,673 shares of the company's stock after acquiring an additional 29,000 shares during the quarter. Parthenon LLC owned about 0.29% of Thryv worth $1,610,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in THRY. Summit Investment Advisors Inc. boosted its holdings in shares of Thryv by 27.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock valued at $58,000 after acquiring an additional 848 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Thryv in the fourth quarter worth approximately $92,000. Clarus Group Inc. purchased a new position in shares of Thryv in the first quarter worth approximately $134,000. Arizona State Retirement System purchased a new position in shares of Thryv in the first quarter worth approximately $146,000. Finally, ProShare Advisors LLC bought a new stake in Thryv during the 4th quarter worth approximately $167,000. Hedge funds and other institutional investors own 96.38% of the company's stock.
Insider Transactions at Thryv
In other Thryv news, CEO Joe Walsh purchased 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average price of $13.40 per share, with a total value of $67,000.00. Following the completion of the purchase, the chief executive officer directly owned 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.88% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities research analysts have commented on THRY shares. Needham & Company LLC decreased their target price on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada decreased their target price on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Finally, B. Riley decreased their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research note 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 has an average rating of "Moderate Buy" and an average price target of $21.40.
View Our Latest Stock Analysis on Thryv
Thryv Price Performance
Thryv stock traded down $0.24 during mid-day trading on Friday, reaching $11.79. 454,040 shares of the company's stock traded hands, compared to its average volume of 490,551. The company has a market cap of $515.69 million, a price-to-earnings ratio of -4.66 and a beta of 0.94. The stock has a 50 day moving average of $13.12 and a two-hundred day moving average of $14.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. Thryv Holdings, Inc. has a 12-month low of $10.02 and a 12-month high of $20.92.
Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly 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). The business had revenue of $181.37 million for the quarter, compared to analysts' expectations of $173.83 million. Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. Thryv's revenue for the quarter was down 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. Equities analysts forecast 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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