Thryv Holdings, Inc. (NASDAQ:THRY) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 7.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,186 shares of the company’s stock after selling 705 shares during the quarter. Amalgamated Bank’s holdings in Thryv were worth $164,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wittenberg Investment Management Inc. raised its holdings in shares of Thryv by 41.8% during the fourth quarter. Wittenberg Investment Management Inc. now owns 28,834 shares of the company’s stock valued at $587,000 after acquiring an additional 8,500 shares during the last quarter. S Squared Technology LLC lifted its holdings in Thryv by 13.5% in the 4th quarter. S Squared Technology LLC now owns 252,383 shares of the company’s stock valued at $5,136,000 after purchasing an additional 30,000 shares in the last quarter. Harspring Capital Management LLC lifted its holdings in Thryv by 23.2% in the 4th quarter. Harspring Capital Management LLC now owns 345,000 shares of the company’s stock valued at $7,021,000 after purchasing an additional 65,000 shares in the last quarter. VitalStone Financial LLC acquired a new stake in Thryv during the 4th quarter worth $422,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Thryv by 5.7% during the first quarter. Pinnacle Associates Ltd. now owns 71,273 shares of the company’s stock worth $1,584,000 after buying an additional 3,815 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Stock Performance

Thryv stock opened at $17.07 on Wednesday. The stock has a market cap of $619.64 million, a price-to-earnings ratio of -2.27 and a beta of 0.82. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $17.95 and a 200-day simple moving average of $19.68. Thryv Holdings, Inc. has a 1-year low of $15.82 and a 1-year high of $26.42.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, August 1st. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The business 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%. Thryv’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Thryv in a research 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.