JPMorgan Chase & Co. Grows Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

JPMorgan Chase & Co. grew its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,177 shares of the company’s stock after purchasing an additional 28,909 shares during the period. JPMorgan Chase & Co. owned approximately 0.53% of Thryv worth $3,828,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in THRY. FMR LLC increased its position in Thryv by 1.3% during the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock valued at $93,486,000 after buying an additional 71,174 shares in the last quarter. State Street Corp increased its holdings in shares of Thryv by 2.0% during the third quarter. State Street Corp now owns 1,159,541 shares of the company’s stock valued at $19,979,000 after acquiring an additional 22,460 shares in the last quarter. Harspring Capital Management LLC increased its holdings in shares of Thryv by 51.2% during the third quarter. Harspring Capital Management LLC now owns 635,000 shares of the company’s stock valued at $10,941,000 after acquiring an additional 215,000 shares in the last quarter. Brooktree Capital Management raised its position in shares of Thryv by 7.1% in the 3rd quarter. Brooktree Capital Management now owns 407,730 shares of the company’s stock valued at $7,025,000 after purchasing an additional 27,018 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock worth $6,340,000 after purchasing an additional 174,090 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Stock Performance

THRY opened at $15.79 on Friday. The firm has a market capitalization of $663.81 million, a PE ratio of -1.63 and a beta of 0.88. The firm has a 50 day moving average of $15.02 and a two-hundred day moving average of $16.63. Thryv Holdings, Inc. has a 12-month low of $13.06 and a 12-month high of $26.42. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $179.85 million for the quarter, compared to analysts’ expectations of $179.24 million. During the same period last year, the firm earned ($0.78) earnings per share. Thryv’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports 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 research note on Friday, November 8th. Craig Hallum initiated coverage on Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Thryv in a research report on Wednesday.

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.