Thryv Holdings, Inc. (NASDAQ:THRY) Shares Acquired by Harspring Capital Management LLC

Harspring Capital Management LLC increased its position in Thryv Holdings, Inc. (NASDAQ:THRY) by 7.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 420,000 shares of the company’s stock after purchasing an additional 30,000 shares during the period. Thryv accounts for about 1.9% of Harspring Capital Management LLC’s holdings, making the stock its 14th biggest holding. Harspring Capital Management LLC owned 1.17% of Thryv worth $7,484,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Thryv by 1.1% in the second quarter. Sei Investments Co. now owns 120,249 shares of the company’s stock valued at $2,143,000 after buying an additional 1,284 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Thryv during the second quarter worth approximately $190,000. Blair William & Co. IL increased its holdings in shares of Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock valued at $6,340,000 after acquiring an additional 174,090 shares during the period. Renaissance Technologies LLC purchased a new stake in Thryv in the 2nd quarter valued at $2,816,000. Finally, American Century Companies Inc. boosted its stake in Thryv by 18.7% during the 2nd quarter. American Century Companies Inc. now owns 46,494 shares of the company’s stock worth $829,000 after purchasing an additional 7,328 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Trading Down 2.9 %

Shares of THRY stock opened at $18.29 on Friday. The company has a market capitalization of $655.35 million, a P/E ratio of -2.43 and a beta of 0.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.58. The business’s 50 day moving average is $18.10 and its two-hundred day moving average is $19.93. Thryv Holdings, Inc. has a twelve month low of $15.82 and a twelve month high of $26.42.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The firm had revenue of $224.08 million during the quarter, compared to analysts’ expectations of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Thryv in a report on Friday, August 2nd.

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.