Jacobs Levy Equity Management Inc. Acquires 32,211 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

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

Other hedge funds have also added to or reduced their stakes in the company. Paulson & CO. Inc. lifted its holdings in shares of Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock valued at $63,344,000 after purchasing an additional 2,280,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Thryv by 22.5% in the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after acquiring an additional 548,864 shares during the period. Ghisallo Capital Management LLC bought a new position in Thryv in the fourth quarter valued at about $7,400,000. Whetstone Capital Advisors LLC lifted its holdings in Thryv by 131.6% in the fourth quarter. Whetstone Capital Advisors LLC now owns 650,674 shares of the company's stock valued at $9,630,000 after acquiring an additional 369,763 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Thryv by 432.7% in the fourth quarter. Deutsche Bank AG now owns 413,813 shares of the company's stock valued at $6,124,000 after acquiring an additional 336,133 shares during the period. 96.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on THRY. Needham & Company LLC reduced their price target on Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. B. Riley reduced their price target on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada cut their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.40.

Insider Activity

In related news, CEO Joe Walsh acquired 5,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average cost of $13.40 per share, with a total value of $67,000.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased 6,200 shares of company stock valued at $86,981 in the last ninety days. Insiders own 9.88% of the company's stock.

Thryv Price Performance

NASDAQ THRY traded up $0.35 during trading on Thursday, hitting $13.52. 46,026 shares of the stock traded hands, compared to its average volume of 420,805. The company has a market capitalization of $591.34 million, a P/E ratio of -1.40 and a beta of 1.02. The firm has a 50-day simple moving average of $13.16 and a 200-day simple moving average of $15.09. 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 Holdings, Inc. has a 12-month low of $10.03 and a 12-month high of $22.31.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $181.37 million for the quarter, compared to analysts' expectations of $173.83 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business's quarterly revenue was down 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. As a group, analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

About Thryv

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.