Barclays PLC Raises Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Barclays PLC raised its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 397.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,126 shares of the company’s stock after acquiring an additional 52,821 shares during the quarter. Barclays PLC owned approximately 0.16% of Thryv worth $1,140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Thryv by 1,296.3% during the third quarter. Quarry LP now owns 2,248 shares of the company’s stock valued at $39,000 after purchasing an additional 2,087 shares in the last quarter. KBC Group NV boosted its holdings in shares of Thryv by 97.8% during the 3rd quarter. KBC Group NV now owns 2,868 shares of the company’s stock valued at $49,000 after buying an additional 1,418 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Thryv in the 2nd quarter worth about $100,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $134,000 after acquiring an additional 3,303 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Thryv during the 2nd quarter valued at about $143,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Stock Performance

THRY opened at $14.84 on Monday. The company’s 50 day moving average is $15.40 and its 200 day moving average is $16.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The company has a market cap of $623.95 million, a price-to-earnings ratio of -1.53 and a beta of 0.86. Thryv Holdings, Inc. has a 12-month low of $13.06 and a 12-month high of $26.42.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business had revenue of $179.85 million for the quarter, compared to the consensus estimate of $179.24 million. During the same period in the previous year, the firm earned ($0.78) EPS. The company’s revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on THRY. Robert W. Baird cut their price objective 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 restated a “buy” rating and issued a $28.00 price target on shares of Thryv in a research note on Wednesday, December 4th. Finally, Craig Hallum started coverage on shares of Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price on the stock.

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.