Systematic Financial Management LP Buys Shares of 32,517 Thryv Holdings, Inc. (NASDAQ:THRY)

Systematic Financial Management LP purchased a new stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,517 shares of the company's stock, valued at approximately $560,000. Systematic Financial Management LP owned about 0.08% of Thryv as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new stake in shares of Thryv in the second quarter worth about $1,388,000. SummerHaven Investment Management LLC boosted its position in Thryv by 2.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 29,857 shares of the company's stock worth $532,000 after purchasing an additional 703 shares in the last quarter. Louisiana State Employees Retirement System grew 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 purchasing an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Thryv by 78.3% during the 2nd 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. Finally, Quest Partners LLC acquired a new position in shares of Thryv in the 2nd quarter valued at $143,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Price Performance

Shares of Thryv stock traded up $0.34 during mid-day trading on Friday, reaching $15.98. 337,162 shares of the stock traded hands, compared to its average volume of 454,675. The stock has a market capitalization of $671.80 million, a PE ratio of -1.65 and a beta of 0.86. The business has a 50-day moving average of $16.00 and a 200 day moving average of $17.62. Thryv Holdings, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $26.42. 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 announced its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts' consensus estimates of ($2.53) by ($0.12). The firm had revenue of $179.85 million during the quarter, compared to analysts' expectations of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.78) EPS. On average, analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on THRY shares. Craig Hallum started coverage on shares of Thryv in a research report on Wednesday, October 2nd. They set a "buy" rating and a $25.00 price target on the stock. Robert W. Baird cut their price target on Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $28.00 price objective on shares of Thryv in a report on Wednesday.

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.