Harspring Capital Management LLC Raises Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Harspring Capital Management LLC lifted its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 882,500 shares of the company's stock after acquiring an additional 247,500 shares during the quarter. Thryv makes up approximately 3.7% of Harspring Capital Management LLC's holdings, making the stock its 12th biggest position. Harspring Capital Management LLC owned about 2.10% of Thryv worth $13,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Thryv by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock valued at $44,155,000 after acquiring an additional 548,864 shares during the last quarter. Samjo Management LLC grew its holdings in Thryv by 7.7% during the 4th quarter. Samjo Management LLC now owns 2,249,345 shares of the company's stock valued at $33,290,000 after purchasing an additional 160,185 shares during the last quarter. State Street Corp lifted its stake in Thryv by 2.0% in the third quarter. State Street Corp now owns 1,159,541 shares of the company's stock worth $19,979,000 after purchasing an additional 22,460 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position 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 valued at $16,135,000 after buying an additional 262,111 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Thryv by 17.9% during the 4th quarter. Geode Capital Management LLC now owns 904,224 shares of the company's stock valued at $13,386,000 after acquiring an additional 137,087 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of Thryv in a research note on Thursday, March 27th. They issued a "sector perform" rating and a $17.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $28.00 target price on shares of Thryv in a research report on Thursday, April 10th.

Thryv Stock Up 5.3 %

Shares of THRY traded up $0.61 during mid-day trading on Friday, hitting $12.07. The company's stock had a trading volume of 439,136 shares, compared to its average volume of 380,689. The firm has a market capitalization of $523.49 million, a price-to-earnings ratio of -1.25 and a beta of 1.03. The company's 50-day moving average is $15.06 and its 200-day moving average is $15.63. 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 Holdings, Inc. has a 52-week low of $10.03 and a 52-week high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) 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 business had revenue of $186.60 million for the quarter, compared to the consensus estimate of $183.02 million. On average, equities research analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Thryv Company 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.