Principal Financial Group Inc. Purchases 4,705 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Principal Financial Group Inc. raised its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,449 shares of the company’s stock after acquiring an additional 4,705 shares during the period. Principal Financial Group Inc. owned about 0.44% of Thryv worth $2,782,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. boosted its stake in shares of Thryv by 37.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 67,458 shares of the company’s stock valued at $1,162,000 after purchasing an additional 18,287 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Thryv by 5.2% in the third quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock worth $335,000 after purchasing an additional 960 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Thryv by 3.8% during the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the company’s stock valued at $284,000 after buying an additional 600 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Thryv by 182.8% during the third quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company’s stock valued at $3,797,000 after buying an additional 142,434 shares during the last quarter. Finally, Riverwater Partners LLC purchased a new position in shares of Thryv in the third quarter worth about $207,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Stock Up 3.0 %

NASDAQ THRY opened at $14.90 on Friday. Thryv Holdings, Inc. has a 1 year low of $13.06 and a 1 year high of $26.42. The stock has a market capitalization of $626.40 million, a PE ratio of -1.54 and a beta of 0.85. 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 business’s 50-day moving average is $16.39 and its 200 day moving average is $18.03.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The business 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%. Thryv’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.78) earnings per share. Sell-side analysts forecast that Thryv Holdings, Inc. will post -2.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $28.00 target price on shares of Thryv in a report on Friday, November 8th. Robert W. Baird lowered their price objective on Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Craig Hallum assumed coverage on shares of Thryv in a report 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.