J. Goldman & Co LP Takes $13.65 Million Position in Thryv Holdings, Inc. (NASDAQ:THRY)

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

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC lifted its stake in shares of Thryv by 397.0% in the 3rd quarter. Barclays PLC now owns 66,126 shares of the company's stock valued at $1,140,000 after purchasing an additional 52,821 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Thryv by 17.7% in the fourth 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 period. Corebridge Financial Inc. raised its stake in shares of Thryv by 8.9% in the fourth 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Thryv by 15.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company's stock worth $3,828,000 after acquiring an additional 28,909 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after purchasing an additional 1,715 shares during the period. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Thryv Trading Up 1.2 %

THRY opened at $13.75 on Friday. Thryv Holdings, Inc. has a 52 week low of $10.03 and a 52 week high of $23.36. The company has a market capitalization of $601.40 million, a P/E ratio of -1.42 and a beta of 1.02. The stock's fifty day moving average is $13.45 and its two-hundred day moving average is $15.21. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.46). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. 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 previous year, the firm earned $0.22 earnings per share. The business's revenue was down 22.3% compared to the same quarter last year. Analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Joe Walsh purchased 5,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $13.40 per share, with a total value of $67,000.00. Following the completion of the acquisition, the chief executive officer now owns 586,043 shares in the company, valued at approximately $7,852,976.20. This represents a 0.86 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have bought 6,200 shares of company stock worth $86,981. Corporate insiders own 11.70% of the company's stock.

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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