Ancora Advisors LLC Invests $1.02 Million in Thryv Holdings, Inc. (NASDAQ:THRY)

Ancora Advisors LLC acquired a new position in Thryv Holdings, Inc. (NASDAQ:THRY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 68,596 shares of the company’s stock, valued at approximately $1,015,000.

Other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Thryv during the fourth quarter valued at $44,000. Summit Investment Advisors Inc. raised its holdings in Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock worth $58,000 after purchasing an additional 848 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Thryv during the fourth quarter valued at about $92,000. Oregon Public Employees Retirement Fund boosted 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 valued at $141,000 after buying an additional 1,500 shares in the last quarter. Finally, Amalgamated Bank grew its position 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 buying an additional 1,715 shares during the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Thryv Stock Performance

Shares of THRY stock opened at $13.83 on Tuesday. 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 business has a fifty day moving average of $13.72 and a 200 day moving average of $15.29. The firm has a market capitalization of $604.80 million, a price-to-earnings ratio of -1.43 and a beta of 1.02. Thryv Holdings, Inc. has a 1 year low of $10.03 and a 1 year high of $23.36.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.46). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm had revenue of $181.37 million during the quarter, compared to analysts’ expectations of $173.83 million. During the same quarter in the prior year, the company earned $0.22 EPS. Thryv’s quarterly revenue was down 22.3% on a year-over-year basis. As a group, research analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Wall Street Analyst Weigh In

THRY has been the subject of several recent analyst reports. B. Riley lowered their target price on shares of Thryv from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC reduced their target price on Thryv from $28.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Royal Bank of Canada lowered 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.40.

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.