Peregrine Capital Management LLC Acquires 188,718 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Peregrine Capital Management LLC raised its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 91.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 396,038 shares of the company's stock after purchasing an additional 188,718 shares during the period. Peregrine Capital Management LLC owned approximately 0.94% of Thryv worth $5,861,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its stake in Thryv by 397.0% in the 3rd quarter. Barclays PLC now owns 66,126 shares of the company's stock valued at $1,140,000 after purchasing an additional 52,821 shares during the period. 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 worth $93,486,000 after buying an additional 71,174 shares during the period. State of Alaska Department of Revenue boosted its holdings in Thryv by 17.7% in the 4th quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company's stock worth $339,000 after buying an additional 3,447 shares during the period. Bullseye Asset Management LLC bought a new stake in shares of Thryv during the 3rd quarter valued at $1,028,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Thryv by 15.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company's stock valued at $3,828,000 after purchasing an additional 28,909 shares during the period. Institutional investors and hedge funds own 96.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms 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 note on Wednesday, January 15th. Robert W. Baird cut their price objective on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, November 8th.

Thryv Price Performance

Shares of Thryv stock traded down $0.98 during trading on Friday, hitting $18.15. The stock had a trading volume of 481,472 shares, compared to its average volume of 422,223. The firm has a market cap of $763.12 million, a price-to-earnings ratio of -1.88 and a beta of 0.90. 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's 50-day moving average is $16.39 and its 200 day moving average is $16.64. Thryv Holdings, Inc. has a 12 month low of $13.06 and a 12 month high of $26.42.

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.