Principal Financial Group Inc. Purchases 35,073 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Principal Financial Group Inc. raised its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 21.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 196,522 shares of the company's stock after acquiring an additional 35,073 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of Thryv worth $2,909,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System grew its holdings in shares of Thryv by 3.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the company's stock valued at $284,000 after buying an additional 600 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Thryv by 5.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company's stock valued at $335,000 after purchasing an additional 960 shares in the last quarter. KBC Group NV increased its stake in Thryv by 97.8% during the 3rd quarter. KBC Group NV now owns 2,868 shares of the company's stock worth $49,000 after purchasing an additional 1,418 shares in the last quarter. Brooktree Capital Management boosted its holdings in shares of Thryv by 7.1% in the third quarter. Brooktree Capital Management now owns 407,730 shares of the company's stock valued at $7,025,000 after buying an additional 27,018 shares during the period. Finally, Wittenberg Investment Management Inc. lifted its position in Thryv by 61.0% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 46,434 shares of the company's stock valued at $800,000 after acquiring an additional 17,600 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors.

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Thryv Stock Down 1.2 %

Shares of NASDAQ:THRY traded down $0.20 during midday trading on Friday, hitting $16.69. The stock had a trading volume of 361,887 shares, compared to its average volume of 440,736. The business's 50-day simple moving average is $16.94 and its 200-day simple moving average is $16.67. Thryv Holdings, Inc. has a 12 month low of $13.06 and a 12 month high of $26.42. The company has a market cap of $723.86 million, a P/E ratio of -1.73 and a beta of 0.90. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70.

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

Analyst Upgrades and Downgrades

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

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.