LB Partners LLC Purchases Shares of 50,000 Thryv Holdings, Inc. (NASDAQ:THRY)

LB Partners LLC acquired a new stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the company's stock, valued at approximately $1,018,000. Thryv comprises about 1.1% of LB Partners LLC's holdings, making the stock its 20th largest position. LB Partners LLC owned 0.14% of Thryv at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in THRY. BlackRock Inc. lifted its holdings in Thryv by 47.4% during the 3rd quarter. BlackRock Inc. now owns 4,499,637 shares of the company's stock worth $102,728,000 after purchasing an additional 1,447,299 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Thryv by 73.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company's stock worth $27,433,000 after purchasing an additional 570,190 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Thryv by 30.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,865,297 shares of the company's stock worth $42,585,000 after purchasing an additional 438,334 shares during the last quarter. State Street Corp lifted its holdings in Thryv by 58.7% during the 3rd quarter. State Street Corp now owns 900,176 shares of the company's stock worth $20,551,000 after purchasing an additional 333,050 shares during the last quarter. Finally, Harspring Capital Management LLC acquired a new stake in Thryv during the 3rd quarter worth approximately $5,256,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on THRY. TheStreet lowered Thryv from a "c-" rating to a "d" rating in a research note on Friday, March 1st. Needham & Company LLC reiterated a "buy" rating and issued a $42.00 price target on shares of Thryv in a research note on Thursday, January 18th.

Insider Buying and Selling

In related news, CEO Joe Walsh bought 5,000 shares of the business's stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $19.01 per share, with a total value of $95,050.00. Following the acquisition, the chief executive officer now owns 501,172 shares of the company's stock, valued at $9,527,279.72. The purchase was disclosed in a filing with the SEC, which is available through this link. 10.80% of the stock is currently owned by corporate insiders.

Thryv Price Performance

THRY stock traded down $0.74 during midday trading on Wednesday, reaching $22.73. 155,256 shares of the stock were exchanged, compared to its average volume of 149,372. The stock has a market capitalization of $808.28 million, a PE ratio of -3.03 and a beta of 0.95. Thryv Holdings, Inc. has a 52 week low of $15.99 and a 52 week high of $26.01. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.01 and a quick ratio of 1.01. The company has a fifty day moving average price of $21.51 and a 200 day moving average price of $19.86.

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

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