Jacobs Levy Equity Management Inc. Increases Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Jacobs Levy Equity Management Inc. raised its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 118.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,488 shares of the company’s stock after buying an additional 32,211 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.14% of Thryv worth $880,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. lifted its position in shares of Thryv by 88.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 159,332 shares of the company’s stock worth $2,358,000 after purchasing an additional 74,648 shares during the period. Deutsche Bank AG lifted its position in shares of Thryv by 432.7% in the 4th quarter. Deutsche Bank AG now owns 413,813 shares of the company’s stock worth $6,124,000 after purchasing an additional 336,133 shares during the period. Cubist Systematic Strategies LLC lifted its position in Thryv by 145.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 116,178 shares of the company’s stock valued at $1,719,000 after acquiring an additional 68,935 shares during the period. Centiva Capital LP lifted its position in Thryv by 31.1% during the 4th quarter. Centiva Capital LP now owns 19,372 shares of the company’s stock valued at $287,000 after acquiring an additional 4,594 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in Thryv by 5.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 58,565 shares of the company’s stock valued at $867,000 after acquiring an additional 2,843 shares during the period. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. B. Riley lowered their price target on shares of Thryv from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC lowered their price target on shares of Thryv from $28.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Royal Bank of Canada reduced their price objective 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, May 2nd. One investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $13.40 per share, with a total value of $67,000.00. Following the transaction, the chief executive officer now directly owns 586,043 shares of the company’s stock, valued at $7,852,976.20. This trade represents a 0.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders bought 6,200 shares of company stock valued at $86,981. 9.88% of the stock is currently owned by insiders.

Thryv Trading Up 1.1%

THRY stock opened at $14.23 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv Holdings, Inc. has a twelve month low of $10.03 and a twelve month high of $22.60. The stock has a market capitalization of $622.39 million, a price-to-earnings ratio of -1.47 and a beta of 1.02. The firm’s fifty day simple moving average is $13.26 and its two-hundred day simple moving average is $15.11.

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

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.