Pinnacle Associates Ltd. Reduces Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Pinnacle Associates Ltd. reduced its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 76.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,458 shares of the company's stock after selling 219,575 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.19% of Thryv worth $1,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Thryv by 73.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company's stock worth $27,433,000 after buying an additional 570,190 shares in the last quarter. Minerva Advisors LLC lifted its position in Thryv by 382.0% in the third quarter. Minerva Advisors LLC now owns 239,551 shares of the company's stock worth $4,494,000 after purchasing an additional 189,848 shares during the period. Harspring Capital Management LLC acquired a new stake in Thryv in the third quarter worth approximately $5,256,000. Deutsche Bank AG lifted its position in Thryv by 21.3% in the third quarter. Deutsche Bank AG now owns 239,084 shares of the company's stock worth $4,488,000 after purchasing an additional 41,914 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in Thryv by 52,134.0% in the third quarter. Wolverine Asset Management LLC now owns 52,234 shares of the company's stock worth $980,000 after purchasing an additional 52,134 shares during the period. 96.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

THRY has been the subject of a number of research analyst reports. TheStreet downgraded Thryv from a "c-" rating to a "d" rating in a research report on Friday, March 1st. Needham & Company LLC restated a "buy" rating and issued a $42.00 target price on shares of Thryv in a research report on Thursday, January 18th.

Insider Activity

In other Thryv news, CEO Joe Walsh bought 5,000 shares of Thryv stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 501,172 shares of the company's stock, valued at $9,527,279.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.80% of the company's stock.

Thryv Price Performance

Shares of NASDAQ:THRY traded down $0.77 on Tuesday, reaching $21.79. 115,034 shares of the company traded hands, compared to its average volume of 153,561. Thryv Holdings, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $26.01. The company's 50 day moving average is $21.34 and its 200-day moving average is $19.72. The stock has a market capitalization of $774.85 million, a PE ratio of -2.91 and a beta of 0.95. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.01 and a quick ratio of 1.01.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.09). Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. The company had revenue of $236.16 million for the quarter, compared to analyst estimates of $231.77 million. During the same quarter last year, the company posted $1.51 EPS. Thryv's revenue was down 15.5% on a year-over-year basis. As a group, analysts anticipate that Thryv Holdings, Inc. will post 0.79 earnings per share for the current fiscal year.

Thryv Company 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.