Parthenon LLC Acquires 29,000 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Parthenon LLC boosted its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 30.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,673 shares of the company's stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of Thryv by 10.1% during the fourth quarter. Bank of New York Mellon Corp now owns 206,501 shares of the company's stock worth $3,056,000 after acquiring an additional 18,906 shares in the last quarter. Amundi raised its stake in shares of Thryv by 257.7% during the fourth quarter. Amundi now owns 20,388 shares of the company's stock worth $294,000 after acquiring an additional 14,688 shares in the last quarter. Swiss National Bank raised its stake in shares of Thryv by 2.9% during the fourth quarter. Swiss National Bank now owns 67,800 shares of the company's stock worth $1,003,000 after acquiring an additional 1,900 shares in the last quarter. Brooktree Capital Management raised its stake in shares of Thryv by 24.7% during the fourth quarter. Brooktree Capital Management now owns 508,307 shares of the company's stock worth $7,523,000 after acquiring an additional 100,577 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Thryv by 16.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,171 shares of the company's stock worth $461,000 after buying an additional 4,373 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on THRY shares. B. Riley cut their price target 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. 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. Finally, 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. One 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 presently has an average rating of "Moderate Buy" and an average price target of $21.40.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh acquired 5,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $13.40 per share, for a total transaction of $67,000.00. Following the purchase, the chief executive officer directly owned 586,043 shares of the company's stock, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.88% of the company's stock.

Thryv Price Performance

Thryv stock traded down $0.61 during mid-day trading on Tuesday, reaching $11.82. The stock had a trading volume of 549,336 shares, compared to its average volume of 435,603. The company has a 50-day moving average price of $13.21 and a two-hundred day moving average price of $14.53. Thryv Holdings, Inc. has a one year low of $10.03 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.

Thryv (NASDAQ:THRY - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). Thryv had a negative return on equity of 51.25% and a negative net margin of 11.94%. The business had revenue of $181.37 million during the quarter, compared to analysts' expectations of $173.83 million. During the same period last year, the firm posted $0.22 EPS. Thryv's quarterly revenue was down 22.3% compared to the same quarter last year. As a group, equities analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

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.