KBC Group NV Buys 1,418 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

KBC Group NV boosted its position in Thryv Holdings, Inc. (NASDAQ:THRY) by 97.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,868 shares of the company’s stock after buying an additional 1,418 shares during the quarter. KBC Group NV’s holdings in Thryv were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in Thryv during the 1st quarter valued at $118,000. Price T Rowe Associates Inc. MD raised its position in Thryv by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 423,710 shares of the company’s stock worth $9,420,000 after buying an additional 1,306 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Thryv during the second quarter valued at approximately $1,388,000. SummerHaven Investment Management LLC grew its holdings in shares of Thryv by 2.4% in the second quarter. SummerHaven Investment Management LLC now owns 29,857 shares of the company’s stock worth $532,000 after acquiring an additional 703 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Thryv by 3.9% during the second quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $283,000 after buying an additional 600 shares during the last quarter. 96.38% of the stock is owned by institutional investors.

Thryv Stock Up 3.0 %

Shares of NASDAQ THRY opened at $14.90 on Friday. Thryv Holdings, Inc. has a 52-week low of $13.06 and a 52-week high of $26.42. The firm has a market capitalization of $626.47 million, a price-to-earnings ratio of -1.54 and a beta of 0.85. The stock has a 50 day moving average price of $16.39 and a 200 day moving average price of $18.00. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. During the same period last year, the firm earned ($0.78) EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Sell-side analysts expect that Thryv Holdings, Inc. will post -2.17 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on THRY. Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Thryv in a report on Friday, November 8th. Craig Hallum started 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. Finally, Robert W. Baird reduced their target price 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.

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.