Quinn Opportunity Partners LLC Purchases 83,229 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Quinn Opportunity Partners LLC lifted its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 115.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,231 shares of the company's stock after acquiring an additional 83,229 shares during the quarter. Quinn Opportunity Partners LLC owned approximately 0.37% of Thryv worth $2,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in Thryv by 18.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock valued at $141,000 after buying an additional 1,500 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in Thryv by 8.9% during the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock worth $296,000 after acquiring an additional 1,631 shares during the period. Amalgamated Bank boosted its position in Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company's stock worth $169,000 after purchasing an additional 1,715 shares during the last quarter. Swiss National Bank grew its stake in Thryv by 2.9% in the 4th quarter. Swiss National Bank now owns 67,800 shares of the company's stock valued at $1,003,000 after purchasing an additional 1,900 shares during the period. Finally, Yousif Capital Management LLC increased its position in shares of Thryv by 17.6% during the 4th quarter. Yousif Capital Management LLC now owns 14,976 shares of the company's stock valued at $222,000 after purchasing an additional 2,242 shares during the last quarter. Hedge funds and other institutional investors own 96.38% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on THRY shares. Needham & Company LLC restated a "buy" rating and set a $28.00 price target on shares of Thryv in a research report on Thursday, April 10th. Royal Bank of Canada initiated coverage on shares of Thryv in a research note on Thursday, March 27th. They set a "sector perform" rating and a $17.00 price target for the company.

Thryv Stock Performance

NASDAQ:THRY traded down $0.15 on Tuesday, reaching $11.44. 511,691 shares of the company's stock were exchanged, compared to its average volume of 376,970. The stock has a fifty day simple moving average of $15.65 and a 200-day simple moving average of $15.76. Thryv Holdings, Inc. has a 52 week low of $10.03 and a 52 week high of $26.42. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $496.16 million, a price-to-earnings ratio of -1.18 and a beta of 1.03.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings data 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 net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $186.60 million during the quarter, compared to the consensus estimate of $183.02 million. As a group, sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

About Thryv

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.