Principal Financial Group Inc. Raises Stock Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Principal Financial Group Inc. raised its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,449 shares of the company’s stock after buying an additional 4,705 shares during the quarter. Principal Financial Group Inc. owned about 0.38% of Thryv worth $2,782,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of THRY. Quarry LP boosted its position in shares of Thryv by 1,296.3% in the 3rd quarter. Quarry LP now owns 2,248 shares of the company’s stock worth $39,000 after purchasing an additional 2,087 shares in the last quarter. KBC Group NV boosted its holdings in Thryv by 97.8% in the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after acquiring an additional 1,418 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Thryv in the second quarter worth $100,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Thryv by 78.3% in the second 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 during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Thryv during the second quarter valued at $143,000. Institutional investors own 96.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on THRY shares. Craig Hallum assumed coverage on shares of Thryv in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Wednesday, December 4th. Finally, Robert W. Baird reduced their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th.

Thryv Trading Up 2.5 %

Thryv stock opened at $14.94 on Friday. Thryv Holdings, Inc. has a one year low of $13.06 and a one year high of $26.42. The business’s fifty day moving average is $15.15 and its 200 day moving average is $16.85. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $628.15 million, a PE ratio of -1.54 and a beta of 0.86.

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

About Thryv

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.