Raymond James & Associates reduced its position in Thryv Holdings, Inc. (NASDAQ:THRY – Free Report) by 72.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,345 shares of the company’s stock after selling 85,853 shares during the period. Raymond James & Associates owned 0.09% of Thryv worth $746,000 at the end of the most recent quarter.
A number of institutional investors and hedge funds have also recently modified their holdings of THRY. Federated Hermes Inc. purchased a new stake in shares of Thryv during the third quarter valued at approximately $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 worth $56,000 after purchasing an additional 2,278 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Thryv during the first quarter valued at about $72,000. Ensign Peak Advisors Inc purchased a new position in Thryv during the third quarter valued at approximately $83,000. Finally, Quantbot Technologies LP boosted its position in shares of Thryv by 1,877.0% in the first quarter. Quantbot Technologies LP now owns 3,954 shares of the company’s stock worth $111,000 after acquiring an additional 3,754 shares during the last quarter. 91.18% of the shares are owned by hedge funds and other institutional investors.
Wall Street analysts expect growth
Separately, Robert W. Baird cut their price objective on Thryv from $32.00 to $24.00 in a report on Friday, May 5th.
The experts make their bets
In related news, CEO Joe Walsh purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was bought at an average cost of $20.75 per share, with a total value of $103,750.00. Following the purchase, the chief executive officer now owns 425,418 shares of the company’s stock, valued at approximately $8,827,423.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Currently, 10.80% of the shares are owned by insiders of the company.
Thryv Stock Down 1.9%
Shares of THRY opened at $24.16 on Monday. Thryv Holdings, Inc. it has a fifty-two week low of $17.30 and a fifty-two week high of $28.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.31, and a current ratio of 1.31. The company has a market cap of $841.25 million, a PE ratio of 31.79 and a beta of 0.92. The stock’s 50-day simple moving average is $24.34, and its 200-day simple moving average is $23.08.
Thryv (NASDAQ:THRY – Get Your Free Report ) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). The company had revenue of $245.50 million during the quarter, compared to analyst estimates of $237.69 million. Thryv had a net margin of 2.65% and a return on equity of 32.81%. The company’s revenue was down 20.4% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.88. Equities analysts expect that Thryv Holdings, Inc. get 0.91 earnings per share during the current year.
Thryv Company Profile
(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 and video presence, 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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