Thryv Holdings, Inc. $THRY Shares Acquired by Ancient Art L.P.

Key Points

• Ancient Art L.P. boosted its stake in Thryv by 468.2% in Q3, buying 1,079,016 shares to hold 1,309,459 shares (about 3.0% of the company) worth roughly $15.8 million and making THRY its 7th-largest holding.
• Insiders have been buying: CEO Joe Walsh bought 15,000 shares and CFO Paul D. Rouse bought 14,000 shares recently, with insiders purchasing 38,000 shares in the last 90 days and now owning about 9.88% of the stock.
• Thryv shares trade near $2.94 (12‑month range $1.91–$15.74); the company posted an EPS miss (‑$0.22 vs. $0.40 expected) and analysts have an average rating of "Hold" with a $9.50 average price target.

Ancient Art L.P. boosted its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 468.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,309,459 shares of the company's stock after buying an additional 1,079,016 shares during the quarter. Thryv makes up about 3.8% of Ancient Art L.P.'s investment portfolio, making the stock its 7th biggest holding. Ancient Art L.P. owned approximately 3.00% of Thryv worth $15,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Thryv by 2,516.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company's stock worth $38,000 after acquiring an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Thryv by 526.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company's stock valued at $52,000 after acquiring an additional 3,562 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Thryv by 98.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company's stock valued at $68,000 after acquiring an additional 2,764 shares in the last quarter. State of Wyoming bought a new position in Thryv during the third quarter worth $82,000. Finally, Aquatic Capital Management LLC bought a new position in Thryv during the third quarter worth $107,000. Institutional investors and hedge funds own 96.38% of the company's stock.

Thryv Price Performance

Shares of THRY opened at $2.94 on Friday. Thryv Holdings, Inc. has a 12 month low of $1.91 and a 12 month high of $15.74. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average price of $4.21 and a 200 day moving average price of $7.36.

Thryv (NASDAQ:THRY - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.62). Thryv had a net margin of 0.04% and a return on equity of 0.14%. The company had revenue of $191.62 million during the quarter, compared to the consensus estimate of $191.25 million. As a group, sell-side analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Insider Transactions at Thryv

In other news, CEO Joe Walsh purchased 15,000 shares of the company's stock in a transaction on Friday, March 13th. The shares were bought at an average price of $2.91 per share, for a total transaction of $43,650.00. Following the completion of the purchase, the chief executive officer owned 775,749 shares of the company's stock, valued at $2,257,429.59. This trade represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul D. Rouse purchased 14,000 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were acquired at an average cost of $2.35 per share, for a total transaction of $32,900.00. Following the acquisition, the chief financial officer owned 349,079 shares of the company's stock, valued at approximately $820,335.65. The trade was a 4.18% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 38,000 shares of company stock worth $101,930. Corporate insiders own 9.88% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of Thryv from $13.00 to $7.00 and set a "sector perform" rating for the company in a research note on Friday, February 20th. Zacks Research upgraded shares of Thryv from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. Wall Street Zen lowered shares of Thryv from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Needham & Company LLC lowered their price objective on shares of Thryv from $14.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Thryv in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9.50.

Thryv Profile

Thryv Holdings, Inc NASDAQ: THRY is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv's offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.

Want to see what other hedge funds are holding THRY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thryv Holdings, Inc. (NASDAQ:THRY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.