Blair William & Co. IL Purchases 174,090 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Blair William & Co. IL raised its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 95.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,790 shares of the company's stock after purchasing an additional 174,090 shares during the quarter. Blair William & Co. IL owned approximately 0.98% of Thryv worth $6,340,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SageView Advisory Group LLC bought a new position in Thryv in the first quarter valued at approximately $54,000. Lazard Asset Management LLC bought a new position in Thryv in the first quarter valued at approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Thryv by 78.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company's stock valued at $134,000 after purchasing an additional 3,303 shares in the last quarter. Quest Partners LLC bought a new position in shares of Thryv during the 2nd quarter worth approximately $143,000. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Thryv by 3.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company's stock worth $283,000 after acquiring an additional 600 shares during the period. 96.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a "buy" rating and set a $28.00 target price on shares of Thryv in a research note on Friday, August 2nd.

Thryv Stock Performance

Shares of NASDAQ THRY traded down $0.55 during midday trading on Friday, hitting $18.29. 987,624 shares of the company's stock were exchanged, compared to its average volume of 197,342. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58. Thryv Holdings, Inc. has a 12 month low of $15.82 and a 12 month high of $26.42. The company's 50 day moving average price is $18.10 and its 200 day moving average price is $19.93. The firm has a market capitalization of $655.35 million, a PE ratio of -2.43 and a beta of 0.82.

Thryv (NASDAQ:THRY - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.30). The business had revenue of $224.08 million for the quarter, compared to the consensus estimate of $221.78 million. Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. The business's revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share.

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.