Herald Investment Management Ltd Cuts Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

Herald Investment Management Ltd lowered its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 125,085 shares of the company’s stock after selling 9,566 shares during the period. Herald Investment Management Ltd owned about 0.30% of Thryv worth $1,851,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock worth $44,155,000 after purchasing an additional 548,864 shares during the period. Whetstone Capital Advisors LLC grew its position in shares of Thryv by 131.6% in the 4th quarter. Whetstone Capital Advisors LLC now owns 650,674 shares of the company’s stock worth $9,630,000 after buying an additional 369,763 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Thryv by 31.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company’s stock valued at $16,135,000 after buying an additional 262,111 shares during the period. Harspring Capital Management LLC increased its stake in shares of Thryv by 39.0% during the fourth quarter. Harspring Capital Management LLC now owns 882,500 shares of the company’s stock valued at $13,061,000 after buying an additional 247,500 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Thryv by 317.1% during the fourth quarter. Renaissance Technologies LLC now owns 321,200 shares of the company’s stock valued at $4,754,000 after acquiring an additional 244,200 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Analyst Ratings Changes

THRY has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Thryv in a research report on Thursday, April 10th. Royal Bank of Canada started coverage on shares of Thryv in a research note on Thursday, March 27th. They set a “sector perform” rating and a $17.00 target price on the stock.

Thryv Stock Up 5.3 %

THRY stock opened at $12.07 on Friday. The company has a market cap of $523.49 million, a price-to-earnings ratio of -1.25 and a beta of 1.03. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The business’s 50-day moving average is $15.22 and its two-hundred day moving average is $15.67. Thryv Holdings, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $26.42.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.26. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $183.02 million. As a group, analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

About Thryv

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.