Blair William & Co. IL Grows Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Blair William & Co. IL grew its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 5.0% in the first quarter, Holdings Channel reports. The institutional investor owned 409,938 shares of the company’s stock after buying an additional 19,392 shares during the period. Blair William & Co. IL’s holdings in Thryv were worth $5,251,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Thryv in the first quarter valued at approximately $30,209,000. Paulson & CO. Inc. grew its stake in shares of Thryv by 114.0% during the 4th quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock worth $63,344,000 after purchasing an additional 2,280,000 shares during the period. J. Goldman & Co LP acquired a new stake in shares of Thryv in the fourth quarter valued at about $13,654,000. Vanguard Group Inc. boosted its holdings in Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock worth $44,155,000 after buying an additional 548,864 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in Thryv during the fourth quarter worth about $7,400,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on THRY. Wall Street Zen raised Thryv from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. B. Riley decreased their price target on shares of 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 cut their price objective 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 decreased their target price 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.40.

Thryv Price Performance

THRY opened at $13.75 on Thursday. Thryv Holdings, Inc. has a 1 year low of $10.02 and a 1 year high of $20.92. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.20 and a current ratio of 1.20. The company’s 50 day simple moving average is $12.73 and its 200 day simple moving average is $14.24. The stock has a market capitalization of $604.18 million, a PE ratio of -5.80 and a beta of 0.94.

Thryv (NASDAQ:THRY) last issued its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). The firm had revenue of $210.47 million during the quarter, compared to analyst estimates of $203.87 million. Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. Thryv’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. As a group, sell-side analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Insider Activity

In other Thryv news, CEO Joe Walsh purchased 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $12.90 per share, with a total value of $103,200.00. Following the transaction, the chief executive officer owned 592,232 shares in the company, valued at approximately $7,639,792.80. This trade represents a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.88% of the company’s stock.

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.