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

Royce & Associates LP lessened its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 669,136 shares of the company’s stock after selling 19,923 shares during the quarter. Royce & Associates LP’s holdings in Thryv were worth $11,529,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. KBC Group NV raised its stake in shares of Thryv by 97.8% in the 3rd quarter. KBC Group NV now owns 2,868 shares of the company’s stock valued at $49,000 after purchasing an additional 1,418 shares during the period. SageView Advisory Group LLC acquired a new position in Thryv during the first quarter valued at approximately $54,000. Point72 DIFC Ltd bought a new position in Thryv in the second quarter valued at approximately $100,000. Lazard Asset Management LLC acquired a new position in shares of Thryv during the 1st quarter worth approximately $118,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after buying an additional 3,303 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

Thryv Stock Down 1.9 %

Shares of NASDAQ THRY opened at $13.73 on Friday. Thryv Holdings, Inc. has a one year low of $13.60 and a one year 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. The stock’s fifty day moving average price is $16.75 and its two-hundred day moving average price is $18.30.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The business had revenue of $179.85 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.78) EPS. On average, sell-side analysts anticipate that Thryv Holdings, Inc. will post -2.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on THRY. Craig Hallum started coverage on shares of Thryv in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target on the stock. Robert W. Baird dropped their price objective on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Thryv in a research note on Friday, November 8th.

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.