Jacobs Levy Equity Management Inc. Increases Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

Jacobs Levy Equity Management Inc. increased its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 118.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,488 shares of the company's stock after acquiring an additional 32,211 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.14% of Thryv worth $880,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in shares of Thryv by 17.7% in the 4th quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company's stock worth $339,000 after purchasing an additional 3,447 shares in the last quarter. Corebridge Financial Inc. lifted 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 acquiring an additional 1,631 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Thryv by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company's stock valued at $3,828,000 after purchasing an additional 28,909 shares during the period. Amalgamated Bank grew its holdings in Thryv by 17.6% in the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after acquiring an additional 1,715 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Thryv by 21.7% in the fourth quarter. Principal Financial Group Inc. now owns 196,522 shares of the company's stock worth $2,909,000 after purchasing an additional 35,073 shares during the last quarter. Institutional investors own 96.38% of the company's stock.

Insider Transactions at Thryv

In related news, CEO Joe Walsh acquired 5,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were acquired at an average cost of $13.40 per share, for a total transaction of $67,000.00. Following the completion of the transaction, the chief executive officer now directly owns 586,043 shares in the company, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 6,200 shares of company stock valued at $86,981 in the last ninety days. Corporate insiders own 9.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Needham & Company LLC decreased their price objective on shares of Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. B. Riley dropped their target price 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. Finally, Royal Bank of Canada reduced their price objective on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.40.

Thryv Stock Performance

THRY stock traded up $0.57 during midday trading on Tuesday, reaching $14.30. 541,414 shares of the company's stock traded hands, compared to its average volume of 419,429. 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 stock has a market cap of $625.45 million, a P/E ratio of -1.48 and a beta of 1.02. Thryv Holdings, Inc. has a 52-week low of $10.03 and a 52-week high of $22.60. The stock's 50-day moving average is $13.22 and its 200 day moving average is $15.11.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company 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 firm posted $0.22 earnings per share. The business's revenue was down 22.3% on a year-over-year basis. As a group, analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current 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.