Vident Advisory LLC Invests $344,000 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 acquired a new position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,815 shares of the company's stock, valued at approximately $344,000. Vident Advisory LLC owned 0.06% of Thryv at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in Thryv in the first quarter valued at approximately $30,209,000. Brooktree Capital Management raised its stake in Thryv by 37.7% in the first quarter. Brooktree Capital Management now owns 700,035 shares of the company's stock valued at $8,967,000 after buying an additional 191,728 shares during the period. Whetstone Capital Advisors LLC raised its stake in Thryv by 0.3% in the first quarter. Whetstone Capital Advisors LLC now owns 652,733 shares of the company's stock valued at $8,362,000 after buying an additional 2,059 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Thryv by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 594,512 shares of the company's stock valued at $7,616,000 after buying an additional 13,824 shares during the period. Finally, CenterBook Partners LP acquired a new position in shares of Thryv in the first quarter valued at approximately $5,696,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Trading Up 3.0%

Shares of THRY stock opened at $12.87 on Tuesday. The stock's fifty day moving average price is $12.76 and its two-hundred day moving average price is $13.37. The company has a market cap of $565.51 million, a PE ratio of -5.43 and a beta of 0.94. Thryv Holdings, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $20.92. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.20 and a current ratio of 1.20.

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

Insider Buying and Selling at Thryv

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Thryv from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Thryv currently has a consensus 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.

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