Phocas Financial Corp. Lowers Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Phocas Financial Corp. reduced its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,377 shares of the company's stock after selling 138,066 shares during the quarter. Phocas Financial Corp. owned approximately 0.06% of Thryv worth $361,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in Thryv by 3.8% during the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the company's stock worth $284,000 after buying an additional 600 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Thryv by 5.2% in the third 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 during the last quarter. KBC Group NV grew its position in Thryv by 97.8% during the third quarter. KBC Group NV now owns 2,868 shares of the company's stock valued at $49,000 after buying an additional 1,418 shares during the period. Amalgamated Bank grew its position in Thryv by 17.6% during the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company's stock valued at $169,000 after buying an additional 1,715 shares during the period. Finally, Quarry LP grew its position in Thryv by 1,296.3% during the third quarter. Quarry LP now owns 2,248 shares of the company's stock valued at $39,000 after buying an additional 2,087 shares during the period. 96.38% of the stock is owned by institutional investors.

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Thryv Price Performance

Shares of THRY stock traded down $0.23 during trading hours on Friday, hitting $17.24. 638,463 shares of the company's stock were exchanged, compared to its average volume of 433,814. The company has a market capitalization of $724.86 million, a PE ratio of -1.78 and a beta of 0.90. Thryv Holdings, Inc. has a 12-month low of $13.06 and a 12-month high of $26.42. The business's 50 day simple moving average is $16.75 and its 200-day simple moving average is $16.69. The company has a current ratio of 1.04, a quick 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 net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $186.60 million for the quarter, compared to the consensus estimate of $183.02 million. On average, equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and set a $28.00 target price on shares of Thryv in a research report on Wednesday, January 15th. Robert W. Baird lowered their target price on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th.

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.