Thryv Holdings, Inc. (NASDAQ:THRY) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 15.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,580,221 shares of the company’s stock after selling 285,192 shares during the quarter. Pacer Advisors Inc. owned about 4.41% of Thryv worth $28,160,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. SageView Advisory Group LLC acquired a new stake in shares of Thryv during the first quarter valued at $54,000. Lazard Asset Management LLC acquired a new position in shares of Thryv in the first quarter valued at approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Thryv by 78.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after buying an additional 3,303 shares during the period. Quest Partners LLC acquired a new stake in Thryv during the second quarter worth approximately $143,000. Finally, XTX Topco Ltd acquired a new position in Thryv in the 2nd quarter valued at $190,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Thryv Stock Down 2.9 %

Shares of NASDAQ:THRY opened at $18.29 on Monday. The stock has a 50-day simple moving average of $18.10 and a 200-day simple moving average of $19.92. The stock has a market capitalization of $655.35 million, a P/E ratio of -2.43 and a beta of 0.82. Thryv Holdings, Inc. has a 1 year low of $15.82 and a 1 year high of $26.42. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.14 and a current ratio of 1.14.

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