J. Goldman & Co LP Purchases New Position in Thryv Holdings, Inc. (NASDAQ:THRY)

J. Goldman & Co LP acquired a new stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 922,534 shares of the company's stock, valued at approximately $13,654,000. J. Goldman & Co LP owned approximately 2.19% of Thryv as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in THRY. Jacobs Levy Equity Management Inc. raised its position in shares of Thryv by 118.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 59,488 shares of the company's stock valued at $880,000 after purchasing an additional 32,211 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Thryv by 88.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 159,332 shares of the company's stock worth $2,358,000 after acquiring an additional 74,648 shares during the period. Deutsche Bank AG lifted its position in Thryv by 432.7% during the 4th quarter. Deutsche Bank AG now owns 413,813 shares of the company's stock worth $6,124,000 after acquiring an additional 336,133 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Thryv by 145.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 116,178 shares of the company's stock worth $1,719,000 after acquiring an additional 68,935 shares during the last quarter. Finally, Centiva Capital LP boosted its holdings in Thryv by 31.1% during the fourth quarter. Centiva Capital LP now owns 19,372 shares of the company's stock valued at $287,000 after acquiring an additional 4,594 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $13.40 per share, with a total value of $67,000.00. Following the completion of the transaction, the chief executive officer now directly owns 586,043 shares of the company's stock, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 6,200 shares of company stock worth $86,981 over the last 90 days. Corporate insiders own 9.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC dropped their price target on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, B. Riley reduced their price objective on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.40.

Thryv Stock Performance

Shares of NASDAQ THRY traded up $0.15 during mid-day trading on Friday, hitting $14.23. The company had a trading volume of 382,998 shares, compared to its average volume of 417,305. Thryv Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $22.60. The firm has a market cap of $622.39 million, a P/E ratio of -1.47 and a beta of 1.02. The business's 50-day simple moving average is $13.28 and its 200-day simple moving average is $15.14. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04.

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). The firm had revenue of $181.37 million during the quarter, compared to the consensus estimate of $173.83 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. Thryv's revenue was down 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

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.