ExodusPoint Capital Management LP Invests $1.26 Million in Thryv Holdings, Inc. (NASDAQ:THRY)

ExodusPoint Capital Management LP bought a new stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,127 shares of the company's stock, valued at approximately $1,260,000. ExodusPoint Capital Management LP owned approximately 0.20% of Thryv as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THRY. Quarry LP raised 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 purchasing an additional 2,087 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Thryv during the fourth quarter valued at about $44,000. KLP Kapitalforvaltning AS bought a new position in Thryv in the fourth quarter worth about $92,000. Oregon Public Employees Retirement Fund lifted its holdings in Thryv by 18.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock worth $141,000 after buying an additional 1,500 shares during the period. Finally, Amalgamated Bank boosted its position in Thryv by 17.6% during the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after acquiring an additional 1,715 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $28.00 target price on shares of Thryv in a research report on Thursday, April 10th. Royal Bank of Canada started coverage on Thryv in a report on Thursday, March 27th. They issued a "sector perform" rating and a $17.00 price objective for the company.

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Thryv Stock Down 1.7 %

THRY traded down $0.19 during midday trading on Tuesday, reaching $11.40. The company's stock had a trading volume of 91,958 shares, compared to its average volume of 374,077. The stock's 50-day moving average is $15.65 and its 200-day moving average is $15.76. Thryv Holdings, Inc. has a 1 year low of $10.03 and a 1 year high of $26.42. The firm has a market capitalization of $494.26 million, a price-to-earnings ratio of -1.18 and a beta of 1.03. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $183.02 million. As a group, research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

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.