SummerHaven Investment Management LLC Buys 555 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

SummerHaven Investment Management LLC grew its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,649 shares of the company’s stock after acquiring an additional 555 shares during the period. SummerHaven Investment Management LLC owned 0.08% of Thryv worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Thryv by 64.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock worth $176,000 after purchasing an additional 3,398 shares in the last quarter. MQS Management LLC bought a new position in shares of Thryv during the 3rd quarter worth $204,000. Mackenzie Financial Corp purchased a new position in shares of Thryv during the fourth quarter valued at $271,000. Dark Forest Capital Management LP bought a new stake in shares of Thryv in the third quarter valued at about $278,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Thryv in the fourth quarter valued at about $315,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Trading Up 2.4 %

Shares of NASDAQ THRY opened at $23.40 on Tuesday. Thryv Holdings, Inc. has a 1-year low of $15.99 and a 1-year high of $26.01. The business has a fifty day moving average price of $21.87 and a 200 day moving average price of $20.19. The stock has a market capitalization of $832.10 million, a P/E ratio of -3.12 and a beta of 0.95. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.01 and a quick ratio of 1.01.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, February 22nd. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. The firm had revenue of $236.16 million during the quarter, compared to the consensus estimate of $231.77 million. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. Equities research analysts expect that Thryv Holdings, Inc. will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was bought at an average cost of $19.01 per share, for a total transaction of $95,050.00. Following the completion of the purchase, the chief executive officer now directly owns 501,172 shares in the company, valued at $9,527,279.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

THRY has been the topic of several recent research reports. TheStreet cut shares of Thryv from a “c-” rating to a “d” rating in a report on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective on shares of Thryv in a report on Thursday, January 18th.

Thryv Company 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.