Geode Capital Management LLC Purchases 137,087 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Geode Capital Management LLC boosted its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 904,224 shares of the company's stock after acquiring an additional 137,087 shares during the period. Geode Capital Management LLC owned 2.15% of Thryv worth $13,386,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock worth $44,155,000 after buying an additional 548,864 shares during the last quarter. State Street Corp lifted its stake in shares of Thryv by 2.0% in the 3rd quarter. State Street Corp now owns 1,159,541 shares of the company's stock valued at $19,979,000 after purchasing an additional 22,460 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Thryv by 31.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company's stock worth $16,135,000 after purchasing an additional 262,111 shares during the last quarter. Brooktree Capital Management boosted its position in shares of Thryv by 24.7% in the 4th quarter. Brooktree Capital Management now owns 508,307 shares of the company's stock worth $7,523,000 after purchasing an additional 100,577 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its stake in shares of Thryv by 91.0% during the fourth quarter. Peregrine Capital Management LLC now owns 396,038 shares of the company's stock worth $5,861,000 after purchasing an additional 188,718 shares during the period. Institutional investors own 96.38% of the company's stock.

Thryv Stock Up 3.8 %

Shares of NASDAQ:THRY traded up $0.49 during trading on Friday, hitting $13.43. 414,320 shares of the company's stock traded hands, compared to its average volume of 388,442. The company has a 50-day moving average price of $14.33 and a 200-day moving average price of $15.48. Thryv Holdings, Inc. has a 52 week low of $10.03 and a 52 week high of $26.42. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The company has a market cap of $587.31 million, a price-to-earnings ratio of -1.39 and a beta of 1.03.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.26. The firm had revenue of $186.60 million for the quarter, compared to the consensus estimate of $183.02 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. As a group, research analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. 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. Royal Bank of Canada started coverage on shares of Thryv in a research note on Thursday, March 27th. They set a "sector perform" rating and a $17.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $28.00 target price on shares of Thryv in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Thryv presently has an average rating of "Moderate Buy" and a consensus target price of $23.20.

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.