Royce & Associates LP Has $11.53 Million Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

Royce & Associates LP reduced its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 669,136 shares of the company’s stock after selling 19,923 shares during the quarter. Royce & Associates LP owned about 1.84% of Thryv worth $11,529,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Blair William & Co. IL acquired a new position in Thryv in the 1st quarter valued at approximately $4,039,000. Renaissance Technologies LLC acquired a new stake in Thryv during the second quarter valued at approximately $2,816,000. Assenagon Asset Management S.A. grew its stake in shares of Thryv by 182.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company’s stock valued at $3,797,000 after purchasing an additional 142,434 shares during the period. Millennium Management LLC lifted its position in shares of Thryv by 78.8% during the 2nd quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock worth $3,186,000 after buying an additional 78,793 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Thryv in the 2nd quarter valued at $811,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Trading Down 1.9 %

NASDAQ:THRY opened at $13.73 on Friday. The stock’s fifty day moving average price is $16.75 and its two-hundred day moving average price is $18.30. Thryv Holdings, Inc. has a 52-week low of $13.60 and a 52-week high of $26.42. 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 (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The firm had revenue of $179.85 million for 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 business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.78) earnings per share. On average, research analysts forecast that Thryv Holdings, Inc. will post -2.17 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on THRY. Craig Hallum initiated coverage on shares of Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Thryv in a report on Friday, November 8th. Finally, Robert W. Baird cut their target price 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 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.