Amalgamated Bank Buys 1,715 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Amalgamated Bank raised its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 17.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,446 shares of the company’s stock after purchasing an additional 1,715 shares during the quarter. Amalgamated Bank’s holdings in Thryv were worth $169,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in Thryv by 31.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company’s stock valued at $16,135,000 after acquiring an additional 262,111 shares during the period. Harspring Capital Management LLC increased its stake in Thryv by 51.2% in the third quarter. Harspring Capital Management LLC now owns 635,000 shares of the company’s stock valued at $10,941,000 after acquiring an additional 215,000 shares during the period. LB Partners LLC bought a new stake in Thryv in the fourth quarter valued at about $2,956,000. Peregrine Capital Management LLC increased its stake in Thryv by 91.0% in the fourth quarter. Peregrine Capital Management LLC now owns 396,038 shares of the company’s stock valued at $5,861,000 after acquiring an additional 188,718 shares during the period. Finally, Parthenon LLC bought a new stake in Thryv in the fourth quarter valued at about $1,431,000. Institutional investors own 96.38% of the company’s stock.

Wall Street Analyst Weigh In

THRY has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Thryv in a research note on Wednesday, January 15th. Robert W. Baird lowered 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.

Thryv Price Performance

NASDAQ:THRY opened at $16.84 on Wednesday. The firm has a market cap of $708.04 million, a PE ratio of -1.74 and a beta of 0.90. Thryv Holdings, Inc. has a 12 month low of $13.06 and a 12 month high of $26.42. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The company’s 50-day moving average price is $16.85 and its two-hundred day moving average price is $16.67.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.26. The firm had revenue of $186.60 million for the quarter, compared to analyst estimates of $183.02 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. On average, equities analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

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.