Franklin Resources Inc. Sells 1,454 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Franklin Resources Inc. lessened its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,223 shares of the company’s stock after selling 1,454 shares during the quarter. Franklin Resources Inc.’s holdings in Thryv were worth $217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its stake in shares of Thryv by 1,296.3% during 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 during the last quarter. KBC Group NV lifted its position in shares of Thryv by 97.8% during the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock valued at $49,000 after buying an additional 1,418 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Thryv in the 2nd quarter valued at about $100,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock worth $134,000 after buying an additional 3,303 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Thryv during the 2nd quarter worth approximately $143,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

THRY has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Thryv in a research report on Wednesday, December 4th. Finally, Craig Hallum assumed coverage on Thryv in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target for the company.

Thryv Stock Performance

Shares of THRY opened at $14.80 on Thursday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50-day moving average of $15.30 and a two-hundred day moving average of $16.91. The stock has a market cap of $622.27 million, a P/E ratio of -1.53 and a beta of 0.86. Thryv Holdings, Inc. has a one year low of $13.06 and a one year high of $26.42.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The business had revenue of $179.85 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.78) earnings per share. As a group, research analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Thryv Company 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.