SG Americas Securities LLC Purchases New Position in Thryv Holdings, Inc. (NASDAQ:THRY)

SG Americas Securities LLC purchased a new stake in Thryv Holdings, Inc. (NASDAQ:THRY) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 25,802 shares of the company’s stock, valued at approximately $445,000. SG Americas Securities LLC owned approximately 0.07% of Thryv at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in THRY. Blair William & Co. IL acquired a new stake in Thryv in the 1st quarter valued at $4,039,000. Renaissance Technologies LLC purchased a new position in Thryv in the 2nd quarter valued at about $2,816,000. Millennium Management LLC boosted its position in Thryv by 78.8% in the 2nd quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock valued at $3,186,000 after buying an additional 78,793 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Thryv in the 2nd quarter valued at about $1,388,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Thryv in the 2nd quarter valued at about $811,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Stock Performance

Shares of THRY stock opened at $17.68 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58. Thryv Holdings, Inc. has a one year low of $15.82 and a one year high of $26.42. The company’s 50-day simple moving average is $17.69 and its 200-day simple moving average is $19.32.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.30). Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. The company had revenue of $224.08 million for the quarter, compared to the consensus estimate of $221.78 million. During the same period in the previous year, the business posted $0.43 EPS. The business’s revenue for the quarter was down 10.9% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities analysts have weighed in on THRY shares. Craig Hallum started coverage on shares of Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research report on Friday, August 2nd.

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.