Samjo Management LLC Has $22.38 Million Stake in Thryv Holdings, Inc. $THRY

Samjo Management LLC lessened its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 16.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,840,025 shares of the company’s stock after selling 359,525 shares during the quarter. Thryv makes up approximately 9.4% of Samjo Management LLC’s investment portfolio, making the stock its largest position. Samjo Management LLC’s holdings in Thryv were worth $22,375,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Bullseye Asset Management LLC boosted its stake in shares of Thryv by 0.9% during the 2nd quarter. Bullseye Asset Management LLC now owns 115,984 shares of the company’s stock worth $1,410,000 after acquiring an additional 1,000 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Thryv by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 47,793 shares of the company’s stock valued at $581,000 after purchasing an additional 1,176 shares during the last quarter. Swiss National Bank boosted its position in Thryv by 1.7% during the second quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $957,000 after purchasing an additional 1,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Thryv by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock valued at $288,000 after purchasing an additional 1,351 shares during the last quarter. Finally, Whetstone Capital Advisors LLC raised its position in shares of Thryv by 0.3% in the first quarter. Whetstone Capital Advisors LLC now owns 652,733 shares of the company’s stock valued at $8,362,000 after purchasing an additional 2,059 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Craig Hallum downgraded shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Friday, October 31st. Royal Bank Of Canada reduced their price objective on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Needham & Company LLC decreased their target price on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. William Blair cut Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, B. Riley reduced their price target on Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.00.

Thryv Stock Up 0.5%

Shares of THRY opened at $5.65 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.17. Thryv Holdings, Inc. has a 12 month low of $5.25 and a 12 month high of $20.92. The firm’s 50 day moving average is $9.32 and its 200-day moving average is $11.62. The stock has a market capitalization of $246.21 million, a PE ratio of 13.78 and a beta of 0.89.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.30). Thryv had a return on equity of 8.64% and a net margin of 2.29%.The company had revenue of $201.56 million for the quarter, compared to analyst estimates of $200.81 million. During the same period in the prior year, the company earned ($2.65) EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Insider Activity at Thryv

In related news, CEO Joe Walsh purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $6.51 per share, for a total transaction of $162,750.00. Following the completion of the transaction, the chief executive officer owned 610,232 shares of the company’s stock, valued at approximately $3,972,610.32. This trade represents a 4.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 9.88% of the company’s stock.

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.