Thryv Holdings, Inc. (NASDAQ:THRY) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,874 shares of the company's stock after buying an additional 49,697 shares during the period. JPMorgan Chase & Co. owned about 0.65% of Thryv worth $4,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in THRY. Barclays PLC increased its position in Thryv by 397.0% during 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 period. State of Alaska Department of Revenue boosted its stake in shares of Thryv by 17.7% during the fourth quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company's stock valued at $339,000 after purchasing an additional 3,447 shares in the last quarter. Corebridge Financial Inc. increased its holdings in Thryv by 8.9% during the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock valued at $296,000 after buying an additional 1,631 shares during the period. Amalgamated Bank increased its holdings in Thryv by 17.6% during the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after buying an additional 1,715 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Thryv by 21.7% during the fourth quarter. Principal Financial Group Inc. now owns 196,522 shares of the company's stock worth $2,909,000 after buying an additional 35,073 shares during the period. 96.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on THRY. Royal Bank of Canada started coverage on Thryv in a report on Thursday, March 27th. They issued a "sector perform" rating and a $17.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $28.00 target price on shares of Thryv in a research note on Thursday, April 10th. Finally, B. Riley reduced their target price on shares of Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Thryv currently has a consensus rating of "Moderate Buy" and an average price target of $23.20.

Thryv Stock Up 0.0 %

Shares of THRY traded up $0.01 during midday trading on Friday, hitting $12.95. 57,900 shares of the company's stock traded hands, compared to its average volume of 385,920. 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 capitalization of $566.10 million, a price-to-earnings ratio of -1.34 and a beta of 1.03. Thryv Holdings, Inc. has a 1 year low of $10.03 and a 1 year high of $26.42. The firm's fifty day moving average is $14.45 and its 200-day moving average is $15.50.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.26. The company had revenue of $186.60 million during the quarter, compared to analysts' expectations of $183.02 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. As a group, sell-side analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share 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.