Allspring Global Investments Holdings LLC Acquires 2,957 Shares of Thryv Holdings, Inc. $THRY

Allspring Global Investments Holdings LLC boosted its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,111,892 shares of the company’s stock after purchasing an additional 2,957 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.54% of Thryv worth $13,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA bought a new stake in Thryv during the 1st quarter valued at approximately $30,209,000. Brooktree Capital Management increased its stake in Thryv by 37.7% in the 1st quarter. Brooktree Capital Management now owns 700,035 shares of the company’s stock worth $8,967,000 after acquiring an additional 191,728 shares during the last quarter. Whetstone Capital Advisors LLC increased its stake in Thryv by 0.3% in the 1st quarter. Whetstone Capital Advisors LLC now owns 652,733 shares of the company’s stock worth $8,362,000 after acquiring an additional 2,059 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Thryv by 2.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 594,512 shares of the company’s stock worth $7,616,000 after acquiring an additional 13,824 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Thryv by 11.3% in the 2nd quarter. Blair William & Co. IL now owns 456,057 shares of the company’s stock worth $5,546,000 after acquiring an additional 46,119 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

Insider Transactions at Thryv

In other Thryv news, CEO Joe Walsh acquired 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $12.90 per share, for a total transaction of $103,200.00. Following the acquisition, the chief executive officer directly owned 592,232 shares in the company, valued at $7,639,792.80. The trade was a 1.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders acquired 10,814 shares of company stock worth $139,838. 9.88% of the stock is owned by insiders.

Thryv Stock Performance

NASDAQ THRY opened at $11.08 on Friday. The company has a market cap of $486.86 million, a P/E ratio of -4.68 and a beta of 0.92. 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 business’s 50 day moving average price is $12.37 and its 200-day moving average price is $12.62. Thryv Holdings, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $20.92.

Thryv (NASDAQ:THRY) last released its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.09). The company had revenue of $210.47 million for the quarter, compared to the consensus estimate of $203.87 million. Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Thryv in a research note on Friday. Wall Street Zen raised Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Thryv in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Thryv presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

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.