Thryv Holdings, Inc. (NASDAQ:THRY) Shares Bought by Fmr LLC

Fmr LLC grew its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,425,792 shares of the company’s stock after purchasing an additional 71,174 shares during the quarter. Fmr LLC owned approximately 12.91% of Thryv worth $93,486,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. purchased a new position in Thryv during the second quarter worth approximately $1,388,000. SummerHaven Investment Management LLC increased its stake in Thryv by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 29,857 shares of the company’s stock worth $532,000 after acquiring an additional 703 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Thryv by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock worth $283,000 after purchasing an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after purchasing an additional 3,303 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Thryv during the 2nd quarter worth about $143,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on THRY. Robert W. Baird cut their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Thryv in a research note on Wednesday. Finally, Craig Hallum started coverage on shares of Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price on the stock.

Thryv Price Performance

Shares of THRY stock opened at $15.64 on Friday. The firm has a market cap of $657.58 million, a P/E ratio of -1.62 and a beta of 0.86. The firm has a fifty day moving average of $16.03 and a two-hundred day moving average of $17.66. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. Thryv Holdings, Inc. has a 1-year low of $13.06 and a 1-year high of $26.42.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.12). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $179.85 million during the quarter, compared to analyst estimates of $179.24 million. During the same quarter in the previous year, the business posted ($0.78) EPS. Thryv’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Thryv Holdings, Inc. will post -2.17 earnings per share for the current fiscal 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.