Ghisallo Capital Management LLC Buys Shares of 500,000 Thryv Holdings, Inc. (NASDAQ:THRY)

Ghisallo Capital Management LLC bought a new position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 500,000 shares of the company's stock, valued at approximately $7,400,000. Ghisallo Capital Management LLC owned about 1.19% of Thryv at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position in Thryv by 397.0% in the 3rd quarter. Barclays PLC now owns 66,126 shares of the company's stock worth $1,140,000 after purchasing an additional 52,821 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Thryv by 17.7% during the 4th quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company's stock valued at $339,000 after acquiring an additional 3,447 shares during the last quarter. Corebridge Financial Inc. increased its holdings in shares of Thryv by 8.9% during the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock valued at $296,000 after acquiring an additional 1,631 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Thryv by 15.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company's stock valued at $3,828,000 after acquiring an additional 28,909 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after acquiring an additional 1,715 shares during the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Performance

THRY traded down $1.01 during midday trading on Thursday, reaching $12.69. The company's stock had a trading volume of 749,799 shares, compared to its average volume of 496,801. The stock has a market cap of $555.12 million, a P/E ratio of -1.31 and a beta of 1.03. The company has a fifty day simple moving average of $14.03 and a 200 day simple moving average of $15.41. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv Holdings, Inc. has a twelve month low of $10.02 and a twelve month high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $181.37 million during the quarter, compared to the consensus estimate of $173.83 million. During the same quarter in the prior year, the business posted $0.22 EPS. Thryv's revenue was down 22.3% compared to the same quarter last year. Research analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analysts Set New Price Targets

THRY has been the topic of a number of analyst reports. B. Riley lowered their price objective on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC reissued a "buy" rating and set a $28.00 price objective on shares of Thryv in a report on Thursday, April 10th. Finally, Royal Bank of Canada assumed coverage on Thryv in a report on Thursday, March 27th. They issued a "sector perform" rating and a $17.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.