Rhumbline Advisers Has $1.31 Million Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Rhumbline Advisers raised its position in Thryv Holdings, Inc. (NASDAQ:THRY) by 2.5% in the first quarter, HoldingsChannel.com reports. The fund owned 102,261 shares of the company’s stock after purchasing an additional 2,477 shares during the quarter. Rhumbline Advisers’ holdings in Thryv were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd lifted its stake in Thryv by 2.2% in the fourth quarter. XTX Topco Ltd now owns 29,665 shares of the company’s stock valued at $439,000 after acquiring an additional 633 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock valued at $58,000 after acquiring an additional 848 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Thryv by 18.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after acquiring an additional 1,500 shares during the last quarter. Corebridge Financial Inc. lifted its stake in Thryv by 8.9% in the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company’s stock valued at $296,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock valued at $169,000 after acquiring an additional 1,715 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Insider Buying and Selling

In other Thryv news, CEO Joe Walsh purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $13.40 per share, with a total value of $67,000.00. Following the completion of the transaction, the chief executive officer now owns 586,043 shares in the company, valued at $7,852,976.20. The trade was a 0.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.88% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on THRY. B. Riley dropped their price objective on shares of Thryv from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC dropped their price objective on shares of Thryv from $28.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada dropped their price objective on shares of Thryv from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.40.

Thryv Price Performance

Shares of THRY opened at $12.79 on Thursday. The firm has a market capitalization of $559.43 million, a PE ratio of -5.06 and a beta of 0.98. The company’s 50-day moving average is $13.18 and its 200-day moving average is $14.89. Thryv Holdings, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $20.92. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.46). Thryv had a negative return on equity of 51.25% and a negative net margin of 11.94%. The business had revenue of $181.37 million for the quarter, compared to the consensus estimate of $173.83 million. During the same period in the prior year, the business posted $0.22 earnings per share. Thryv’s revenue was down 22.3% compared to the same quarter last year. Equities analysts forecast 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.