Wittenberg Investment Management Inc. Has $1.04 Million Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Key Points

• Wittenberg Investment Management Inc. increased its stake in Thryv Holdings, Inc. by 32.8% to approximately 80,934 shares worth $1.04 million, as per its recent SEC filing.
• Thryv reported a loss of $0.09 EPS in its latest quarterly earnings, missing the consensus estimate, while revenue was down 6.1% year-over-year.
• Wall Street analysts have given Thryv a consensus rating of "Moderate Buy", with a target price averaging $21.40, despite recent adjustments by several investment firms.

Wittenberg Investment Management Inc. increased its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 32.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,934 shares of the company's stock after purchasing an additional 20,000 shares during the period. Wittenberg Investment Management Inc. owned 0.19% of Thryv worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in shares of Thryv by 14.1% in the 4th quarter. American Century Companies Inc. now owns 64,473 shares of the company's stock valued at $954,000 after purchasing an additional 7,970 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Thryv in the 4th quarter valued at about $92,000. Vanguard Group Inc. raised its stake in shares of Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after purchasing an additional 548,864 shares in the last quarter. Corebridge Financial Inc. raised its stake 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, JPMorgan Chase & Co. raised its stake in shares of Thryv by 22.4% in the 4th quarter. JPMorgan Chase & Co. now owns 271,874 shares of the company's stock valued at $4,024,000 after purchasing an additional 49,697 shares in the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh purchased 8,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $12.90 per share, with a total value of $103,200.00. Following the acquisition, the chief executive officer directly owned 592,232 shares of the company's stock, valued at approximately $7,639,792.80. This trade represents a 1.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 9.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on THRY shares. Royal Bank Of Canada cut their target price on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. B. Riley dropped their price target on shares of Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of Thryv from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Needham & Company LLC dropped their price target on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.40.

Thryv Price Performance

Shares of Thryv stock traded down $0.33 on Monday, hitting $12.54. The company had a trading volume of 380,970 shares, compared to its average volume of 504,235. The business has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $14.17. Thryv Holdings, Inc. has a 52 week low of $10.02 and a 52 week high of $20.92. 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 company has a market cap of $550.83 million, a PE ratio of -5.30 and a beta of 0.94.

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). Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%. The company had revenue of $210.47 million during the quarter, compared to analysts' expectations of $203.87 million. During the same quarter in the previous year, the company earned $0.15 EPS. The firm's quarterly revenue was down 6.1% compared to the same quarter last year. Research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

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.