Paulson & CO. Inc. Acquires 2,280,000 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Paulson & CO. Inc. raised its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 114.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,280,000 shares of the company's stock after acquiring an additional 2,280,000 shares during the quarter. Thryv accounts for about 3.8% of Paulson & CO. Inc.'s investment portfolio, making the stock its 6th largest holding. Paulson & CO. Inc. owned approximately 10.18% of Thryv worth $63,344,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its position in Thryv by 397.0% during the 3rd quarter. Barclays PLC now owns 66,126 shares of the company's stock valued at $1,140,000 after purchasing an additional 52,821 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Thryv by 17.7% during the fourth quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company's stock valued at $339,000 after acquiring an additional 3,447 shares during the period. Corebridge Financial Inc. grew its position in shares of Thryv by 8.9% during the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock worth $296,000 after acquiring an additional 1,631 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Thryv by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company's stock worth $3,828,000 after buying an additional 28,909 shares during the period. Finally, Amalgamated Bank grew its stake in shares of Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after purchasing an additional 1,715 shares in the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Performance

Thryv stock traded up $0.32 during trading hours on Monday, reaching $13.93. 344,161 shares of the company were exchanged, compared to its average volume of 405,582. The firm has a market cap of $609.17 million, a price-to-earnings ratio of -1.44 and a beta of 1.02. 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 Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $23.36. The stock has a 50-day moving average of $13.82 and a 200 day moving average of $15.31.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data 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). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The company had revenue of $181.37 million during the quarter, compared to analyst estimates of $173.83 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company's revenue was down 22.3% on a year-over-year basis. As a group, research analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on THRY. B. Riley decreased their price objective on shares of Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC lowered their price target on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada dropped their price objective on Thryv from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.