Peregrine Capital Management LLC Purchases 43,598 Shares of Thryv Holdings, Inc. $THRY

Peregrine Capital Management LLC grew its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 11.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 419,111 shares of the company’s stock after purchasing an additional 43,598 shares during the quarter. Peregrine Capital Management LLC owned about 0.96% of Thryv worth $5,096,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA bought a new position in Thryv in the 1st quarter worth $30,209,000. Allspring Global Investments Holdings LLC raised its holdings in Thryv by 0.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,111,892 shares of the company’s stock worth $13,999,000 after purchasing an additional 2,957 shares in the last quarter. Brooktree Capital Management raised its holdings in Thryv by 37.7% in the 1st quarter. Brooktree Capital Management now owns 700,035 shares of the company’s stock worth $8,967,000 after purchasing an additional 191,728 shares in the last quarter. Whetstone Capital Advisors LLC raised its holdings in Thryv by 0.3% in the 1st quarter. Whetstone Capital Advisors LLC now owns 652,733 shares of the company’s stock worth $8,362,000 after purchasing an additional 2,059 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Thryv by 2.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 594,512 shares of the company’s stock worth $7,616,000 after purchasing an additional 13,824 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Joe Walsh acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $12.90 per share, with a total value of $103,200.00. Following the transaction, the chief executive officer owned 592,232 shares of the company’s stock, valued at $7,639,792.80. This trade represents a 1.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have bought 10,814 shares of company stock worth $139,838. Corporate insiders own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on THRY shares. William Blair restated an “outperform” rating on shares of Thryv in a report on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Thryv in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Thryv has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Thryv Stock Down 0.8%

Shares of Thryv stock opened at $12.00 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50-day moving average of $12.21 and a 200 day moving average of $12.68. The firm has a market cap of $527.28 million, a price-to-earnings ratio of -5.06 and a beta of 0.92. Thryv Holdings, Inc. has a 1 year low of $10.02 and a 1 year high of $20.92.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.09). Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. The firm had revenue of $210.47 million for the quarter, compared to analysts’ expectations of $203.87 million. During the same period last year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share 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.