Empowered Funds LLC Sells 46,926 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Empowered Funds LLC lowered its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 45.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,722 shares of the company's stock after selling 46,926 shares during the quarter. Empowered Funds LLC owned approximately 0.15% of Thryv worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of THRY. Blair William & Co. IL lifted its position in Thryv by 95.8% in the second quarter. Blair William & Co. IL now owns 355,790 shares of the company's stock valued at $6,340,000 after purchasing an additional 174,090 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Thryv during the second quarter valued at about $2,816,000. Assenagon Asset Management S.A. boosted its holdings in shares of Thryv by 182.8% during the third quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company's stock worth $3,797,000 after purchasing an additional 142,434 shares during the period. Millennium Management LLC grew its stake in shares of Thryv by 78.8% in the second quarter. Millennium Management LLC now owns 178,807 shares of the company's stock worth $3,186,000 after purchasing an additional 78,793 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Thryv during the 2nd quarter valued at approximately $811,000. 96.38% of the stock is currently owned by institutional investors.

Thryv Stock Up 3.0 %

THRY opened at $14.90 on Friday. Thryv Holdings, Inc. has a 1-year low of $13.06 and a 1-year high of $26.42. The firm's 50 day simple moving average is $16.39 and its two-hundred day simple moving average is $18.03. 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 $626.40 million, a PE ratio of -1.54 and a beta of 0.85.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing analysts' consensus estimates of ($2.53) by ($0.12). The company had revenue of $179.85 million during the quarter, compared to analysts' expectations of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.78) EPS. As a group, equities analysts forecast that Thryv Holdings, Inc. will post -2.17 EPS for the current year.

Analysts Set New Price Targets

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

About Thryv

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.