Soros Fund Management LLC Takes Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Soros Fund Management LLC bought a new stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the company's stock, valued at approximately $2,220,000. Soros Fund Management LLC owned about 0.36% of Thryv as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Thryv in the fourth quarter worth approximately $44,000. Summit Investment Advisors Inc. increased its stake in Thryv by 27.7% in the 4th 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 during the period. KLP Kapitalforvaltning AS purchased a new stake in Thryv in the 4th quarter worth approximately $92,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock valued at $141,000 after buying an additional 1,500 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after acquiring an additional 1,715 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company's stock.

Thryv Stock Performance

THRY stock traded up $0.13 on Monday, reaching $13.74. 288,355 shares of the company were exchanged, compared to its average volume of 405,325. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. Thryv Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $23.36. The stock's fifty day moving average price is $13.82 and its 200 day moving average price is $15.31. The firm has a market capitalization of $601.00 million, a PE ratio of -1.42 and a beta of 1.02.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.46). The company had revenue of $181.37 million for the quarter, compared to analyst estimates of $173.83 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm's quarterly revenue was down 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. On average, research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on THRY shares. Needham & Company LLC reduced their price objective on Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday. B. Riley lowered 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. Finally, Royal Bank of Canada cut their price objective on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.