SG Americas Securities LLC Lowers Stock Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

SG Americas Securities LLC cut its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,193 shares of the company’s stock after selling 2,609 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Thryv worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC grew its stake in Thryv by 397.0% in the third quarter. Barclays PLC now owns 66,126 shares of the company’s stock worth $1,140,000 after purchasing an additional 52,821 shares in the last quarter. FMR LLC lifted its holdings in shares of Thryv by 1.3% in the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock worth $93,486,000 after buying an additional 71,174 shares during the period. Bullseye Asset Management LLC bought a new position in shares of Thryv during the 3rd quarter worth $1,028,000. JPMorgan Chase & Co. increased its stake in shares of Thryv by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock valued at $3,828,000 after buying an additional 28,909 shares during the period. Finally, State Street Corp raised its holdings in shares of Thryv by 2.0% in 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. 96.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on THRY shares. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Thryv in a report on Wednesday, January 15th. Robert W. Baird lowered their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th.

Thryv Trading Up 4.9 %

Shares of NASDAQ THRY opened at $18.54 on Wednesday. Thryv Holdings, Inc. has a 1-year low of $13.06 and a 1-year high of $26.42. The business has a fifty day moving average price of $15.57 and a 200 day moving average price of $16.57. The stock has a market capitalization of $779.42 million, a P/E ratio of -1.92 and a beta of 0.90. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) EPS 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 in the previous year, the company posted ($0.78) earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal 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.