Parthenon LLC Has $1.61 Million Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

Parthenon LLC boosted its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 30.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,673 shares of the company’s stock after buying an additional 29,000 shares during the quarter. Parthenon LLC’s holdings in Thryv were worth $1,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in THRY. Paulson & CO. Inc. raised its stake in shares of Thryv by 114.0% in the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock valued at $63,344,000 after acquiring an additional 2,280,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock valued at $44,155,000 after buying an additional 548,864 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Thryv in the 1st quarter valued at $30,209,000. Samjo Management LLC grew its holdings in shares of Thryv by 7.7% in the 4th quarter. Samjo Management LLC now owns 2,249,345 shares of the company’s stock valued at $33,290,000 after buying an additional 160,185 shares during the period. Finally, J. Goldman & Co LP acquired a new position in shares of Thryv in the 4th quarter valued at $13,654,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

THRY has been the subject of several research analyst reports. Needham & Company LLC decreased their price target on shares of Thryv from $28.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 1st. 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, May 2nd. Finally, B. Riley reduced 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Thryv currently has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Thryv Stock Down 2.6%

Thryv stock opened at $12.43 on Tuesday. The stock has a market cap of $543.69 million, a P/E ratio of -4.91 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. Thryv Holdings, Inc. has a twelve month low of $10.03 and a twelve month high of $20.92. The company’s 50-day moving average price is $13.21 and its two-hundred day moving average price is $14.53.

Thryv (NASDAQ:THRY) last issued its quarterly 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 company had revenue of $181.37 million during the quarter, compared to the consensus estimate of $173.83 million. Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. The company’s quarterly revenue was down 22.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Insider Transactions at Thryv

In other news, CEO Joe Walsh acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $13.40 per share, with a total value of $67,000.00. Following the completion of the purchase, the chief executive officer directly owned 586,043 shares of the company’s stock, valued at $7,852,976.20. The trade was a 0.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.88% of the stock is owned by company insiders.

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.