Bank of New York Mellon Corp Has $3.06 Million Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Bank of New York Mellon Corp increased its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,501 shares of the company's stock after acquiring an additional 18,906 shares during the period. Bank of New York Mellon Corp owned about 0.49% of Thryv worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of THRY. Allspring Global Investments Holdings LLC raised its holdings in shares of Thryv by 31.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company's stock worth $16,135,000 after acquiring an additional 262,111 shares in the last quarter. Harspring Capital Management LLC raised its holdings in shares of Thryv by 51.2% during the third quarter. Harspring Capital Management LLC now owns 635,000 shares of the company's stock worth $10,941,000 after acquiring an additional 215,000 shares in the last quarter. LB Partners LLC purchased a new stake in shares of Thryv during the fourth quarter worth $2,956,000. Peregrine Capital Management LLC raised its holdings in shares of Thryv by 91.0% during the fourth quarter. Peregrine Capital Management LLC now owns 396,038 shares of the company's stock worth $5,861,000 after acquiring an additional 188,718 shares in the last quarter. Finally, Parthenon LLC purchased a new stake in shares of Thryv during the fourth quarter worth $1,431,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a "buy" rating and set a $28.00 target price on shares of Thryv in a report on Wednesday, January 15th.

Thryv Stock Up 0.3 %

NASDAQ THRY traded up $0.05 during trading on Friday, hitting $15.12. 751,496 shares of the company traded hands, compared to its average volume of 326,616. Thryv Holdings, Inc. has a 12 month low of $13.06 and a 12 month high of $26.42. The business has a fifty day simple moving average of $17.13 and a 200 day simple moving average of $16.44. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $655.77 million, a P/E ratio of -1.56 and a beta of 0.90.

Thryv (NASDAQ:THRY - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.26. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The company had revenue of $186.60 million for the quarter, compared to analyst estimates of $183.02 million. As a group, sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current 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.