Thryv Holdings, Inc. (NASDAQ:THRY) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 11.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 24,209 shares of the company’s stock after selling 3,100 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Thryv were worth $417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in Thryv by 3.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $283,000 after acquiring an additional 600 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Thryv by 2.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 29,857 shares of the company’s stock worth $532,000 after acquiring an additional 703 shares during the period. State of Alaska Department of Revenue increased its stake in Thryv by 5.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock valued at $335,000 after buying an additional 960 shares during the period. The Manufacturers Life Insurance Company increased its stake in Thryv by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock valued at $225,000 after buying an additional 1,078 shares during the period. Finally, Swiss National Bank grew its stake in shares of Thryv by 1.7% in the 1st quarter. Swiss National Bank now owns 65,900 shares of the company’s stock worth $1,465,000 after purchasing an additional 1,100 shares during the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on THRY. Craig Hallum began coverage on shares of Thryv in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Friday, November 8th. Finally, Robert W. Baird decreased their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Thryv Price Performance

Shares of THRY opened at $13.73 on Monday. The firm has a market cap of $577.21 million, a PE ratio of -1.42 and a beta of 0.85. The firm’s 50 day moving average price is $16.75 and its 200 day moving average price is $18.26. 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 Holdings, Inc. has a twelve month low of $13.60 and a twelve month high of $26.42.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The business had revenue of $179.85 million for the quarter, compared to the consensus estimate of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. Thryv’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.78) EPS. As a group, research analysts expect that Thryv Holdings, Inc. will post -2.17 EPS 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.