Fmr LLC Has $93.49 Million Stock Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

FMR LLC boosted its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,425,792 shares of the company's stock after acquiring an additional 71,174 shares during the period. FMR LLC owned approximately 12.91% of Thryv worth $93,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in THRY. KBC Group NV boosted its position 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 acquiring an additional 1,418 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Thryv in the 2nd quarter valued at $100,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 worth $134,000 after buying an additional 3,303 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Thryv in the second quarter valued at about $143,000. Finally, XTX Topco Ltd bought a new position in Thryv in the second quarter valued at approximately $190,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Performance

NASDAQ:THRY traded up $0.34 during mid-day trading on Friday, reaching $15.98. 337,162 shares of the company's stock were exchanged, compared to its average volume of 252,103. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $671.88 million, a PE ratio of -1.65 and a beta of 0.86. The business's fifty day simple moving average is $16.03 and its two-hundred day simple moving average is $17.66. Thryv Holdings, Inc. has a one year low of $13.06 and a one year high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing analysts' consensus estimates of ($2.53) by ($0.12). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The company had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. During the same quarter in the previous year, the business posted ($0.78) EPS. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. Analysts anticipate that Thryv Holdings, Inc. will post -2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Craig Hallum initiated coverage on Thryv in a report on Wednesday, October 2nd. They issued a "buy" rating and a $25.00 price objective for the company. Robert W. Baird reduced their target price 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 reaffirmed a "buy" rating and set a $28.00 price target on shares of Thryv in a report on Wednesday.

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.