199,705 Shares in Thryv Holdings, Inc. (NASDAQ:THRY) Bought by LB Partners LLC

LB Partners LLC purchased a new stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 199,705 shares of the company's stock, valued at approximately $2,956,000. Thryv makes up 2.2% of LB Partners LLC's investment portfolio, making the stock its 12th biggest holding. LB Partners LLC owned about 0.48% of Thryv at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Harspring Capital Management LLC boosted its position in shares of Thryv by 51.2% in the 3rd quarter. Harspring Capital Management LLC now owns 635,000 shares of the company's stock worth $10,941,000 after purchasing an additional 215,000 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Thryv by 182.8% during the third quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company's stock valued at $3,797,000 after acquiring an additional 142,434 shares during the period. Millennium Management LLC increased its holdings 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. FMR LLC grew its position in Thryv by 1.3% in the third quarter. FMR LLC now owns 5,425,792 shares of the company's stock worth $93,486,000 after acquiring an additional 71,174 shares in the last quarter. Finally, Bullseye Asset Management LLC purchased a new position in shares of Thryv during the third quarter valued at approximately $1,028,000. Institutional investors own 96.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on THRY shares. Needham & Company LLC reaffirmed a "buy" rating and set a $28.00 price target on shares of Thryv in a research report on Wednesday, January 15th. Robert W. Baird cut their price target on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, November 8th.

Thryv Trading Down 0.4 %

Shares of NASDAQ:THRY traded down $0.08 during trading on Wednesday, reaching $18.46. The stock had a trading volume of 177,173 shares, compared to its average volume of 371,002. Thryv Holdings, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $26.42. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The business has a fifty day moving average price of $15.63 and a 200-day moving average price of $16.57. The stock has a market cap of $776.06 million, a P/E ratio of -1.91 and a beta of 0.90.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.53) by ($0.12). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm had revenue of $179.85 million during the quarter, compared to analysts' expectations of $179.24 million. During the same quarter last year, the company posted ($0.78) earnings per share. Thryv's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share 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.