De Lisle Partners LLP Sells 17,280 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

De Lisle Partners LLP decreased its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 56.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,273 shares of the company’s stock after selling 17,280 shares during the period. De Lisle Partners LLP’s holdings in Thryv were worth $170,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Paulson & CO. Inc. lifted its holdings in shares of Thryv by 114.0% in the 4th 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. raised its position in Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock worth $44,155,000 after purchasing an additional 548,864 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Thryv in the 1st quarter worth about $30,209,000. Samjo Management LLC raised its position in Thryv by 7.7% in the 4th quarter. Samjo Management LLC now owns 2,249,345 shares of the company’s stock worth $33,290,000 after purchasing an additional 160,185 shares during the period. Finally, J. Goldman & Co LP purchased a new stake in Thryv in the 4th quarter worth about $13,654,000. Institutional investors own 96.38% of the company’s stock.

Analyst Ratings Changes

THRY has been the topic of a number of recent analyst reports. B. Riley reduced their price objective on shares of Thryv from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reduced their price objective on shares of 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 reduced their price objective on shares of Thryv from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Thryv presently has an average rating of “Moderate Buy” and a consensus price target of $21.40.

Insider Activity

In other news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $13.40 per share, for a total transaction of $67,000.00. Following the completion of the purchase, the chief executive officer directly owned 586,043 shares in the company, valued at approximately $7,852,976.20. The trade was a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.88% of the company’s stock.

Thryv Price Performance

NASDAQ THRY opened at $12.21 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50 day moving average price is $12.80 and its 200-day moving average price is $14.34. Thryv Holdings, Inc. has a 52-week low of $10.02 and a 52-week high of $20.92. The company has a market cap of $534.04 million, a PE ratio of -4.83 and a beta of 0.94.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.46). Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. The business had revenue of $181.37 million for the quarter, compared to the consensus estimate of $173.83 million. During the same quarter in the prior year, the business posted $0.22 earnings per share. Thryv’s revenue for the quarter was down 22.3% on a year-over-year basis. Sell-side analysts forecast 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.