Russell Investments Group Ltd. lowered its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY – Get Rating) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,582 shares of the company’s stock after selling 8,786 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Thryv worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in THRY. Invesco Ltd. boosted its holdings in Thryv by 488.3% during the fourth quarter. Invesco Ltd. now owns 373,322 shares of the company’s stock worth $15,354,000 after buying an additional 309,865 shares in the last quarter. Cowen Prime Advisors LLC purchased a new stake in Thryv during the fourth quarter worth about $11,901,000. Wasatch Advisors Inc. lifted its holdings in shares of Thryv by 8.2% in the fourth quarter. Wasatch Advisors Inc. now owns 2,408,803 shares of the company’s stock valued at $99,074,000 after purchasing an additional 182,517 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Thryv by 682.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 147,342 shares of the company’s stock valued at $6,060,000 after purchasing an additional 128,517 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Thryv by 50.5% in the fourth quarter. Marshall Wace LLP now owns 380,995 shares of the company’s stock valued at $15,669,000 after purchasing an additional 127,888 shares in the last quarter. Hedge funds and other institutional investors own 91.93% of the company’s stock.
In other news, major shareholder Mudrick Capital Management, L. sold 50,143 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $26.12, for a total value of $1,309,735.16. Following the completion of the transaction, the insider now owns 5,826,034 shares of the company’s stock, valued at $152,176,008.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 1,078,737 shares of company stock valued at $26,713,670 over the last 90 days. Insiders own 9.40% of the company’s stock.
Thryv Stock Performance
NASDAQ:THRY opened at $28.24 on Thursday. The firm has a 50 day simple moving average of $24.18 and a 200-day simple moving average of $26.78. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $972.53 million, a PE ratio of 7.91 and a beta of 1.30. Thryv Holdings, Inc. has a 1-year low of $21.41 and a 1-year high of $42.99.
Thryv (NASDAQ:THRY – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.72. The business had revenue of $334.00 million during the quarter, compared to analyst estimates of $308.03 million. Thryv had a net margin of 11.17% and a return on equity of 38.13%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. On average, equities analysts expect that Thryv Holdings, Inc. will post 3.47 EPS for the current year.
Analysts Set New Price Targets
THRY has been the topic of several recent research reports. Robert W. Baird reduced their price target on shares of Thryv to $40.00 in a report on Tuesday, August 9th. B. Riley reaffirmed a “buy” rating on shares of Thryv in a report on Friday, July 22nd.
Thryv Company Profile
Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.
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