Paulson & CO. Inc. Grows Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

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

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

Analysts Set New Price Targets

Several analysts have issued reports on THRY shares. B. Riley lowered their target price on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC dropped their price objective on shares of Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Royal Bank of Canada reduced their target price on shares of Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.40.

Thryv Price Performance

Shares of THRY traded up $1.17 during midday trading on Friday, hitting $13.61. 1,100,466 shares of the company traded hands, compared to its average volume of 406,483. Thryv Holdings, Inc. has a one year low of $10.03 and a one year high of $24.57. The firm has a market cap of $595.18 million, a P/E ratio of -1.41 and a beta of 1.03. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day moving average of $13.82 and a 200-day moving average of $15.35.

Thryv (NASDAQ:THRY - Get Free Report) last posted 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 firm had revenue of $181.37 million during the quarter, compared to analysts' expectations of $173.83 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business's revenue for the quarter was down 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 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.