Bullseye Asset Management LLC Invests $1.03 Million in Thryv Holdings, Inc. (NASDAQ:THRY)

Bullseye Asset Management LLC acquired a new position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 59,646 shares of the company's stock, valued at approximately $1,028,000. Bullseye Asset Management LLC owned approximately 0.14% of Thryv at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quarry LP increased its holdings in Thryv by 1,296.3% in the 3rd quarter. Quarry LP now owns 2,248 shares of the company's stock worth $39,000 after buying an additional 2,087 shares in the last quarter. KBC Group NV raised its position in shares of Thryv by 97.8% during the third quarter. KBC Group NV now owns 2,868 shares of the company's stock valued at $49,000 after buying an additional 1,418 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Thryv in the 2nd quarter valued at $100,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Thryv by 78.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company's stock worth $134,000 after buying an additional 3,303 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Thryv during the 2nd quarter worth approximately $143,000. Hedge funds and other institutional investors own 96.38% of the company's stock.

Thryv Price Performance

Thryv stock traded up $0.13 during midday trading on Tuesday, reaching $16.28. The company had a trading volume of 259,729 shares, compared to its average volume of 253,093. Thryv Holdings, Inc. has a 12-month low of $13.06 and a 12-month high of $26.42. The firm's fifty day simple moving average is $15.98 and its 200-day simple moving average is $17.54. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $684.49 million, a P/E ratio of -1.67 and a beta of 0.86.

Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings results 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). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business had revenue of $179.85 million during the quarter, compared to analysts' expectations of $179.24 million. During the same period in the prior year, the business posted ($0.78) earnings per share. The business's quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Wall Street Analysts Forecast Growth

THRY has been the subject of several analyst reports. Craig Hallum started coverage on Thryv in a research note on Wednesday, October 2nd. They issued a "buy" rating and a $25.00 price objective for the company. Robert W. Baird dropped their target price on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $28.00 price target on shares of Thryv in a research note on Wednesday, December 4th.

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.