Two Sigma Investments LP Invests $1.38 Million in Thryv Holdings, Inc. (NASDAQ:THRY)

Two Sigma Investments LP purchased a new position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 93,282 shares of the company's stock, valued at approximately $1,381,000. Two Sigma Investments LP owned approximately 0.22% of Thryv at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. XTX Topco Ltd grew its position in Thryv by 2.2% during the fourth quarter. XTX Topco Ltd now owns 29,665 shares of the company's stock worth $439,000 after buying an additional 633 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Thryv by 27.7% in the 4th 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. Oregon Public Employees Retirement Fund boosted its holdings in shares of Thryv by 18.7% in the 4th 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. Corebridge Financial Inc. boosted its holdings in shares of Thryv by 8.9% in the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock valued at $296,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Thryv by 17.6% in the 4th 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 and hedge funds own 96.38% of the company's stock.

Insider Buying and Selling

In related news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $13.40 per share, with a total value of $67,000.00. Following the transaction, the chief executive officer now directly owns 586,043 shares in the company, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.88% of the stock is owned by corporate insiders.

Thryv Price Performance

Shares of THRY traded up $0.13 during trading hours on Friday, reaching $13.60. The stock had a trading volume of 264,523 shares, compared to its average volume of 428,256. Thryv Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $21.07. The stock has a market capitalization of $594.84 million, a PE ratio of -1.41 and a beta of 0.98. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The company's 50-day moving average is $12.88 and its two-hundred day moving average is $15.01.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) 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 firm had revenue of $181.37 million during the quarter, compared to the consensus estimate of $173.83 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The firm's revenue was down 22.3% on a year-over-year basis. Research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on THRY. Royal Bank of Canada reduced their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. B. Riley reduced their target price on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Needham & Company LLC reduced their target price on 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.40.

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.