Geode Capital Management LLC Trims Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Geode Capital Management LLC cut its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 767,137 shares of the company's stock after selling 49,074 shares during the quarter. Geode Capital Management LLC owned approximately 1.82% of Thryv worth $13,221,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harspring Capital Management LLC boosted its position in Thryv by 51.2% during the third quarter. Harspring Capital Management LLC now owns 635,000 shares of the company's stock valued at $10,941,000 after buying an additional 215,000 shares during the period. Blair William & Co. IL lifted its stake in shares of Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company's stock valued at $6,340,000 after acquiring an additional 174,090 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Thryv during the 2nd quarter valued at about $2,816,000. Assenagon Asset Management S.A. grew its position in Thryv by 182.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company's stock worth $3,797,000 after acquiring an additional 142,434 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Thryv by 78.8% in the 2nd quarter. Millennium Management LLC now owns 178,807 shares of the company's stock worth $3,186,000 after purchasing an additional 78,793 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on THRY. Craig Hallum started coverage on Thryv in a research note on Wednesday, October 2nd. They set a "buy" rating and a $25.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and issued a $28.00 price target on shares of Thryv in a report on Wednesday, December 4th. Finally, Robert W. Baird lowered their price objective on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, November 8th.

Thryv Trading Up 2.9 %

NASDAQ:THRY traded up $0.42 during trading hours on Tuesday, hitting $14.80. The company had a trading volume of 590,149 shares, compared to its average volume of 280,893. 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 stock has a 50-day moving average price of $15.30 and a 200 day moving average price of $16.91. The company has a market capitalization of $622.27 million, a PE ratio of -1.53 and a beta of 0.86. Thryv Holdings, Inc. has a 52 week low of $13.06 and a 52 week high of $26.42.

Thryv (NASDAQ:THRY - Get Free Report) last announced its earnings results 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). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $179.85 million for the quarter, compared to the consensus estimate of $179.24 million. During the same period in the previous year, the firm posted ($0.78) EPS. The company's revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities research analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal 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.