Jane Street Group LLC Trims Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Jane Street Group LLC reduced its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 70.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,554 shares of the company's stock after selling 39,156 shares during the quarter. Jane Street Group LLC's holdings in Thryv were worth $285,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC boosted its holdings in Thryv by 1.3% in the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company's stock valued at $93,486,000 after purchasing an additional 71,174 shares in the last quarter. State Street Corp grew its holdings in Thryv by 2.0% during the third quarter. State Street Corp now owns 1,159,541 shares of the company's stock worth $19,979,000 after acquiring an additional 22,460 shares during the period. Harspring Capital Management LLC raised its position in Thryv by 51.2% in 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. Brooktree Capital Management lifted its holdings in Thryv by 7.1% in the third quarter. Brooktree Capital Management now owns 407,730 shares of the company's stock valued at $7,025,000 after acquiring an additional 27,018 shares during the period. Finally, Blair William & Co. IL boosted its position in shares of Thryv by 95.8% during the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company's stock worth $6,340,000 after purchasing an additional 174,090 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird reduced their price objective on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Craig Hallum assumed coverage on shares of Thryv in a research report on Wednesday, October 2nd. They set a "buy" rating and a $25.00 price target for the company. Finally, Needham & Company LLC restated a "buy" rating and issued a $28.00 price target on shares of Thryv in a report on Wednesday, December 4th.

Thryv Price Performance

NASDAQ:THRY traded down $0.19 during mid-day trading on Friday, hitting $14.24. 260,311 shares of the company's stock traded hands, compared to its average volume of 314,752. Thryv Holdings, Inc. has a 1 year low of $13.06 and a 1 year high of $26.42. The company has a market cap of $598.72 million, a PE ratio of -1.47 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 firm's 50 day simple moving average is $15.01 and its 200 day simple moving average is $16.72.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share (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 analyst estimates of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.78) earnings per share. Sell-side analysts expect 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.