Peregrine Capital Management LLC reduced its position in Thryv Holdings, Inc. (NASDAQ:THRY)

Peregrine Capital Management LLC reduced its holdings in Thryv Holdings, Inc. (NASDAQ:THRY – Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 421,684 shares of the company’s stock after selling 19,591 shares during the quarter. Peregrine Capital Management LLC owned 1.21% of Thryv worth $9,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in THRY. Federated Hermes Inc. bought a new position in shares of Thryv during the third quarter valued at about $29,000. UBS Group AG boosted its position in shares of Thryv by 1,180.3% during the third quarter. UBS Group AG now owns 2,471 shares of the company’s stock valued at $56,000 after acquiring an additional 2,278 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Thryv during the first quarter valued at about $72,000. Ensign Peak Advisors Inc bought a new position in shares of Thryv in the third quarter valued at about $83,000. Finally, Quantbot Technologies LP boosted its position in shares of Thryv by 1,877.0% during the first quarter. Quantbot Technologies LP now owns 3,954 shares of the company’s stock valued at $111,000 after acquiring an additional 3,754 shares during the period. Hedge funds and other institutional investors own 91.18% of the company’s shares.

Wall Street analysts expect growth

Separately, Robert W. Baird reduced their price objective on shares of Thryv from $32.00 to $24.00 in a research report on Friday, May 5th.

Privileged buying and selling

In other Thryv news, CEO Joe Walsh acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average price of $20.75 per share, with a total value of $103,750.00. Following the completion of the purchase, the chief executive officer now directly owns 425,418 shares of the company’s stock, valued at approximately $8,827,423.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed the SEC website. Currently, 10.80% of the shares are owned by insiders.

Thryv trades down 0.4%

Shares of THRY opened at $24.63 on Wednesday. The company’s 50-day moving average price is $23.73 and its 200-day moving average price is $22.74. The company has a market cap of $857.62 million, a price-to-earnings ratio of 32.41 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 1.31, and a debt-to-equity ratio of 0.97. Thryv Holdings, Inc. it has a one year low of $17.30 and a one year high of $28.80.

Thryv (NASDAQ:THRY – Get Your Free Report ) last announced its earnings results on Thursday, May 4th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). Thryv had a net margin of 2.65% and a return on equity of 32.81%. The company had revenue of $245.50 million for the quarter, compared to the consensus estimate of $237.69 million. During the same period last year, the company posted $0.88 EPS. The company’s revenue during the quarter was down 20.4% year-on-year. Sell-side analysts anticipate that Thryv Holdings, Inc. will post 0.91 EPS for the current year.

About Thryv

(Free Report)

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to small and medium-sized businesses (SMBs). It operates through the Thryv US Marketing Services, Thryv US SaaS, Thryv International Marketing Services and Thryv International SaaS segments. The company offers print and digital solutions, including print yellow pages, internet yellow pages, search engine marketing and other digital media solutions, including online and social advertising, online presence and video, and search engine optimization tools.

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Want to see what other hedge funds have THRY? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Thryv Holdings, Inc. (NASDAQ:THRY – Free Report).

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