Vanguard Group Inc. Has $37.45 Million Stock Position in Thryv Holdings, Inc. $THRY

Key Points

• Vanguard Group Inc. has reduced its stake in Thryv Holdings, Inc. by 2%, now owning approximately 6.68% of the company, which is valued at $37.45 million.
• Institutional investors own 96.38% of Thryv’s stock, indicating strong interest from large financial entities.
• Despite a recent earnings miss for the quarter, Thryv is rated as a "Moderate Buy" by analysts, with a consensus price target of $21.40.

Vanguard Group Inc. lowered its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,923,174 shares of the company's stock after selling 60,242 shares during the quarter. Vanguard Group Inc. owned about 6.68% of Thryv worth $37,446,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Thryv by 5,199.7% in the 1st quarter. GAMMA Investing LLC now owns 17,012 shares of the company's stock valued at $218,000 after purchasing an additional 16,691 shares during the period. Millennium Management LLC lifted its stake in shares of Thryv by 31.4% in the 4th quarter. Millennium Management LLC now owns 321,905 shares of the company's stock valued at $4,764,000 after purchasing an additional 76,894 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Thryv in the 1st quarter valued at $212,000. Rhumbline Advisers lifted its stake in shares of Thryv by 2.5% in the 1st quarter. Rhumbline Advisers now owns 102,261 shares of the company's stock valued at $1,310,000 after purchasing an additional 2,477 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Thryv during the 4th quarter worth $1,056,000. Institutional investors and hedge funds own 96.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Needham & Company LLC dropped their price objective on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen raised Thryv from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada dropped their price objective on Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Thryv has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Thryv Price Performance

THRY stock opened at $13.10 on Wednesday. The stock has a 50-day moving average price of $12.70 and a two-hundred day moving average price of $13.83. The stock has a market cap of $575.61 million, a PE ratio of -5.53 and a beta of 0.94. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.24. Thryv Holdings, Inc. has a 1 year low of $10.02 and a 1 year high of $20.92.

Thryv (NASDAQ:THRY - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The firm had revenue of $210.47 million for the quarter, compared to the consensus estimate of $203.87 million. Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%.Thryv's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Insider Transactions at Thryv

In other news, CEO Joe Walsh bought 8,000 shares of the stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $12.90 per share, for a total transaction of $103,200.00. Following the acquisition, the chief executive officer owned 592,232 shares in the company, valued at approximately $7,639,792.80. This trade represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 9.88% of the company's stock.

About Thryv

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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