Assenagon Asset Management S.A. Has $2.46 Million Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Assenagon Asset Management S.A. decreased its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,122 shares of the company's stock after selling 54,224 shares during the quarter. Assenagon Asset Management S.A. owned about 0.40% of Thryv worth $2,459,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of THRY. American Century Companies Inc. raised its stake in Thryv by 18.7% during the 2nd quarter. American Century Companies Inc. now owns 46,494 shares of the company's stock valued at $829,000 after acquiring an additional 7,328 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Thryv in the second quarter worth about $2,816,000. XTX Topco Ltd bought a new position in Thryv in the 2nd quarter valued at about $190,000. Sei Investments Co. increased its stake in Thryv by 1.1% during the 2nd quarter. Sei Investments Co. now owns 120,249 shares of the company's stock valued at $2,143,000 after buying an additional 1,284 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of Thryv by 8.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 69,374 shares of the company's stock worth $1,236,000 after buying an additional 5,164 shares in the last quarter. Institutional investors own 96.38% of the company's stock.

Thryv Price Performance

Shares of NASDAQ THRY traded up $0.24 during trading on Thursday, hitting $16.43. The company had a trading volume of 335,023 shares, compared to its average volume of 348,530. The company has a market cap of $690.72 million, a P/E ratio of -1.70 and a beta of 0.88. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The business's 50-day moving average is $15.11 and its 200 day moving average is $16.60. Thryv Holdings, Inc. has a 52 week low of $13.06 and a 52 week high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The company had revenue of $179.85 million for the quarter, compared to analysts' expectations of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.78) earnings per share. Equities research analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

THRY has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $28.00 target price on shares of Thryv in a report on Wednesday, January 15th. Robert W. Baird cut their price objective on Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Finally, Craig Hallum initiated coverage on Thryv in a report on Wednesday, October 2nd. They set a "buy" rating and a $25.00 target price on the 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.