New York State Teachers Retirement System Sells 2,068 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

New York State Teachers Retirement System cut its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,979 shares of the company’s stock after selling 2,068 shares during the period. New York State Teachers Retirement System’s holdings in Thryv were worth $162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in shares of Thryv by 73.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock worth $27,433,000 after purchasing an additional 570,190 shares in the last quarter. Minerva Advisors LLC grew its holdings in shares of Thryv by 382.0% during the third quarter. Minerva Advisors LLC now owns 239,551 shares of the company’s stock worth $4,494,000 after purchasing an additional 189,848 shares in the last quarter. Harspring Capital Management LLC purchased a new position in shares of Thryv during the third quarter worth about $5,256,000. Deutsche Bank AG grew its holdings in shares of Thryv by 21.3% during the third quarter. Deutsche Bank AG now owns 239,084 shares of the company’s stock worth $4,488,000 after purchasing an additional 41,914 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of Thryv by 52,134.0% during the third quarter. Wolverine Asset Management LLC now owns 52,234 shares of the company’s stock worth $980,000 after purchasing an additional 52,134 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors.

Thryv Stock Up 1.9 %

Shares of THRY opened at $22.23 on Friday. The firm has a market cap of $790.50 million, a P/E ratio of -2.97 and a beta of 0.95. The stock has a 50 day simple moving average of $21.67 and a two-hundred day simple moving average of $20.03. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.01 and a quick ratio of 1.01. Thryv Holdings, Inc. has a 1 year low of $15.99 and a 1 year high of $26.01.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. The company had revenue of $236.16 million for the quarter, compared to analysts’ expectations of $231.77 million. During the same period last year, the company posted $1.51 EPS. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, analysts forecast that Thryv Holdings, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Transactions at Thryv

In other news, CEO Joe Walsh bought 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the completion of the acquisition, the chief executive officer now owns 501,172 shares of the company’s stock, valued at $9,527,279.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TheStreet lowered Thryv from a “c-” rating to a “d” rating in a research note on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Thryv in a research note on Thursday, January 18th.

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.