Thryv Holdings, Inc. (NASDAQ:THRY) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 271,874 shares of the company's stock after buying an additional 49,697 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.65% of Thryv worth $4,024,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of THRY. MassMutual Private Wealth & Trust FSB bought a new stake in Thryv in the fourth quarter valued at $44,000. KLP Kapitalforvaltning AS bought a new stake in Thryv in the 4th quarter valued at about $92,000. Oregon Public Employees Retirement Fund boosted its stake in Thryv by 18.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock valued at $141,000 after purchasing an additional 1,500 shares during the period. Amalgamated Bank grew its position in Thryv by 17.6% in the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after purchasing an additional 1,715 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Thryv in the fourth quarter valued at approximately $174,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on THRY. Needham & Company LLC reiterated a "buy" rating and set a $28.00 price objective on shares of Thryv in a research report on Thursday, April 10th. Royal Bank of Canada initiated coverage on Thryv in a research report on Thursday, March 27th. They set a "sector perform" rating and a $17.00 price target for the company. Finally, B. Riley lowered their price target on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.20.

Thryv Price Performance

NASDAQ:THRY traded up $0.27 during mid-day trading on Wednesday, reaching $12.17. 402,298 shares of the stock were exchanged, compared to its average volume of 384,012. 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 business has a fifty day moving average price of $14.75 and a 200 day moving average price of $15.55. 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 $527.96 million, a PE ratio of -1.26 and a beta of 1.03.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.26. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $186.60 million for the quarter, compared to analysts' expectations of $183.02 million. Research analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal 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.