Weiss Asset Management LP Lowers Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Weiss Asset Management LP lessened its stake in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 44.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,617 shares of the company's stock after selling 47,453 shares during the period. Weiss Asset Management LP owned about 0.14% of Thryv worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Thryv by 2.0% during the 3rd quarter. State Street Corp now owns 1,159,541 shares of the company's stock valued at $19,979,000 after purchasing an additional 22,460 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of Thryv during the 3rd quarter valued at about $560,000. Quarry LP boosted its position in shares of Thryv by 1,296.3% during the 3rd quarter. Quarry LP now owns 2,248 shares of the company's stock valued at $39,000 after purchasing an additional 2,087 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Thryv by 143.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 27,277 shares of the company's stock valued at $470,000 after purchasing an additional 16,077 shares in the last quarter. Finally, Harspring Capital Management LLC boosted its position in shares of Thryv by 51.2% during the 3rd quarter. Harspring Capital Management LLC now owns 635,000 shares of the company's stock valued at $10,941,000 after purchasing an additional 215,000 shares in the last quarter. Institutional investors own 96.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on THRY. Robert W. Baird cut their target price on Thryv from $25.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Needham & Company LLC restated a "buy" rating and set a $28.00 target price on shares of Thryv in a research report on Wednesday, December 4th. Finally, Craig Hallum initiated coverage on Thryv in a research report on Wednesday, October 2nd. They set a "buy" rating and a $25.00 target price on the stock.

Thryv Stock Up 1.1 %

NASDAQ:THRY traded up $0.17 on Monday, hitting $16.15. The stock had a trading volume of 480,214 shares, compared to its average volume of 253,065. The business's fifty day moving average is $16.00 and its 200 day moving average is $17.57. The company has a market cap of $678.95 million, a PE ratio of -1.65 and a beta of 0.86. 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 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 quarterly earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The firm had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.78) EPS. On average, equities research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Thryv 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.