Peregrine Capital Management LLC Cuts Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

Peregrine Capital Management LLC cut its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 291,877 shares of the company's stock after selling 96,422 shares during the period. Peregrine Capital Management LLC owned about 0.83% of Thryv worth $5,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. purchased a new position in Thryv in the third quarter worth about $29,000. UBS Group AG increased its holdings in Thryv by 1,180.3% during the third quarter. UBS Group AG now owns 2,471 shares of the company's stock valued at $56,000 after buying an additional 2,278 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Thryv during the first quarter valued at approximately $72,000. Ameritas Investment Partners Inc. raised its position in Thryv by 34.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,561 shares of the company's stock worth $63,000 after acquiring an additional 655 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Thryv by 327.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,631 shares of the company's stock worth $65,000 after acquiring an additional 2,016 shares during the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Joe Walsh bought 5,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the completion of the transaction, the chief executive officer now owns 501,172 shares in the company, valued at $9,527,279.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on THRY shares. TheStreet cut Thryv from a "c-" rating to a "d" rating in a report on Friday, March 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 price objective on shares of Thryv in a research report on Thursday, January 18th.

Thryv Price Performance

Shares of NASDAQ THRY traded up $0.11 during midday trading on Thursday, reaching $22.84. The stock had a trading volume of 98,811 shares, compared to its average volume of 148,649. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01. Thryv Holdings, Inc. has a 12-month low of $15.99 and a 12-month high of $26.01. The stock has a 50-day moving average of $21.55 and a 200-day moving average of $19.88. The company has a market capitalization of $812.19 million, a price-to-earnings ratio of -3.05 and a beta of 0.95.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.09). The business had revenue of $236.16 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.51 EPS. As a group, research analysts anticipate that Thryv Holdings, Inc. will post 0.79 EPS 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.