Assenagon Asset Management S.A. Has $3.80 Million Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Assenagon Asset Management S.A. lifted its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 182.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,346 shares of the company's stock after purchasing an additional 142,434 shares during the period. Assenagon Asset Management S.A. owned approximately 0.61% of Thryv worth $3,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Thryv by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 423,710 shares of the company's stock worth $9,420,000 after purchasing an additional 1,306 shares during the period. Harspring Capital Management LLC raised its position in Thryv by 7.7% during the second quarter. Harspring Capital Management LLC now owns 420,000 shares of the company's stock valued at $7,484,000 after buying an additional 30,000 shares during the period. Brooktree Capital Management raised its position in Thryv by 5.9% during the first quarter. Brooktree Capital Management now owns 379,898 shares of the company's stock valued at $8,445,000 after buying an additional 21,276 shares during the period. Blair William & Co. IL raised its position in Thryv by 95.8% during the second quarter. Blair William & Co. IL now owns 355,790 shares of the company's stock valued at $6,340,000 after buying an additional 174,090 shares during the period. Finally, Millennium Management LLC raised its position in Thryv by 78.8% during the second quarter. Millennium Management LLC now owns 178,807 shares of the company's stock valued at $3,186,000 after buying an additional 78,793 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Up 0.5 %

THRY stock traded up $0.07 during mid-day trading on Thursday, hitting $14.38. The stock had a trading volume of 2,015,392 shares, compared to its average volume of 221,030. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.58. Thryv Holdings, Inc. has a 1-year low of $13.74 and a 1-year high of $26.42. The company has a fifty day moving average of $17.55 and a 200 day moving average of $18.93. The stock has a market capitalization of $522.04 million, a price-to-earnings ratio of -1.84 and a beta of 0.81.

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

Analyst Upgrades and Downgrades

THRY has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $28.00 price target on shares of Thryv in a research report on Wednesday. Craig Hallum initiated coverage on Thryv in a research report on Wednesday, October 2nd. They set a "buy" rating and a $25.00 price target on the stock.

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.