J. Goldman & Co LP Makes New Investment in Thryv Holdings, Inc. (NASDAQ:THRY)

J. Goldman & Co LP acquired a new stake in Thryv Holdings, Inc. (NASDAQ:THRY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 922,534 shares of the company’s stock, valued at approximately $13,654,000.

Other large investors have also made changes to their positions in the company. XTX Topco Ltd raised its position in Thryv by 2.2% during the fourth quarter. XTX Topco Ltd now owns 29,665 shares of the company’s stock worth $439,000 after acquiring an additional 633 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Thryv by 27.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock worth $58,000 after purchasing an additional 848 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Thryv by 18.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after buying an additional 1,500 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in Thryv by 8.9% in the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company’s stock worth $296,000 after buying an additional 1,631 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock worth $169,000 after buying an additional 1,715 shares in the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Joe Walsh acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $13.40 per share, with a total value of $67,000.00. Following the transaction, the chief executive officer now owns 586,043 shares of the company’s stock, valued at approximately $7,852,976.20. This trade represents a 0.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased a total of 6,200 shares of company stock valued at $86,981 over the last 90 days. 11.70% of the stock is owned by company insiders.

Thryv Stock Up 1.2 %

THRY stock opened at $13.75 on Friday. Thryv Holdings, Inc. has a one year low of $10.03 and a one year high of $23.36. The firm has a market cap of $601.40 million, a PE ratio of -1.42 and a beta of 1.02. The firm’s 50 day moving average price is $13.45 and its 200-day moving average price is $15.21. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04.

Thryv (NASDAQ:THRY) last posted its 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). The business had revenue of $181.37 million during the quarter, compared to analysts’ expectations of $173.83 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. Thryv’s revenue for the quarter was down 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. On average, equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.