Vident Advisory LLC Makes New $344,000 Investment in Thryv Holdings, Inc. $THRY

Key Points

• Vident Advisory LLC has invested approximately $344,000 in Thryv Holdings, acquiring 26,815 shares, representing a 0.06% stake in the company, as reported in their latest SEC filing.
• Thryv reported earnings of $0.31 per share for the last quarter, which was below analysts' expectations of $0.40, along with a revenue decrease of 6.1% year-over-year.
• Insider activity included CEO Joe Walsh purchasing 8,000 shares at $12.90 each, increasing his ownership by 1.37%, while analysts have downgraded Thryv's rating from "buy" to "hold."

Vident Advisory LLC bought a new position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,815 shares of the company's stock, valued at approximately $344,000. Vident Advisory LLC owned 0.06% of Thryv as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Thryv by 5,199.7% during the 1st quarter. GAMMA Investing LLC now owns 17,012 shares of the company's stock worth $218,000 after purchasing an additional 16,691 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Thryv by 31.4% during the 4th quarter. Millennium Management LLC now owns 321,905 shares of the company's stock worth $4,764,000 after purchasing an additional 76,894 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Thryv during the 1st quarter worth about $212,000. Rhumbline Advisers boosted its stake in shares of Thryv by 2.5% during the 1st quarter. Rhumbline Advisers now owns 102,261 shares of the company's stock worth $1,310,000 after purchasing an additional 2,477 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Thryv during the 4th quarter worth about $1,056,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Thryv

In other news, CEO Joe Walsh purchased 8,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $12.90 per share, with a total value of $103,200.00. Following the purchase, the chief executive officer owned 592,232 shares in the company, valued at $7,639,792.80. This represents a 1.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders purchased 10,814 shares of company stock valued at $139,838. Insiders own 9.88% of the company's stock.

Thryv Trading Down 3.7%

NASDAQ THRY traded down $0.48 on Friday, hitting $12.51. 386,676 shares of the company were exchanged, compared to its average volume of 434,206. The company's 50 day moving average price is $12.77 and its 200-day moving average price is $13.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $549.64 million, a P/E ratio of -5.28 and a beta of 0.94. Thryv Holdings, Inc. has a twelve month low of $10.02 and a twelve month high of $20.92.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Thryv from a "hold" rating to a "buy" rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.40.

Thryv Company 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.