Soros Fund Management LLC Makes New $2.22 Million Investment in Thryv Holdings, Inc. (NASDAQ:THRY)

Soros Fund Management LLC purchased a new position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,000 shares of the company's stock, valued at approximately $2,220,000. Soros Fund Management LLC owned 0.36% of Thryv at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB bought a new position in shares of Thryv in the 4th quarter worth $44,000. Summit Investment Advisors Inc. lifted its stake in shares of Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock valued at $58,000 after buying an additional 848 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Thryv during the fourth quarter valued at about $92,000. Oregon Public Employees Retirement Fund increased its position in shares of Thryv by 18.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock worth $141,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Thryv by 17.6% in the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after acquiring an additional 1,715 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Stock Performance

Shares of THRY stock traded up $1.17 during trading on Friday, hitting $13.61. The company's stock had a trading volume of 1,100,466 shares, compared to its average volume of 406,483. The business has a fifty day moving average of $13.82 and a 200-day moving average of $15.35. The company has a market cap of $595.18 million, a PE ratio of -1.41 and a beta of 1.03. Thryv Holdings, Inc. has a 52 week low of $10.03 and a 52 week high of $24.57. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.46). The business 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 company's revenue for the quarter was down 22.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, research analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on THRY shares. B. Riley cut their price target on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada decreased their price target on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday. Finally, Needham & Company LLC lowered 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. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.40.

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.