Royce & Associates LP Cuts Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Royce & Associates LP cut its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 651,465 shares of the company’s stock after selling 17,671 shares during the period. Royce & Associates LP’s holdings in Thryv were worth $9,642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Thryv by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 161,449 shares of the company’s stock valued at $2,782,000 after acquiring an additional 4,705 shares in the last quarter. KBC Group NV raised its position in Thryv by 97.8% in the third 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. Wittenberg Investment Management Inc. lifted its stake in shares of Thryv by 61.0% during the third quarter. Wittenberg Investment Management Inc. now owns 46,434 shares of the company’s stock worth $800,000 after purchasing an additional 17,600 shares in the last quarter. FMR LLC boosted its position in shares of Thryv by 1.3% in the third quarter. FMR LLC now owns 5,425,792 shares of the company’s stock worth $93,486,000 after buying an additional 71,174 shares during the period. Finally, Clark Estates Inc. NY grew its stake in shares of Thryv by 1.9% in the third quarter. Clark Estates Inc. NY now owns 115,250 shares of the company’s stock valued at $1,986,000 after buying an additional 2,200 shares in the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Performance

Shares of THRY stock opened at $15.06 on Wednesday. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day moving average price is $17.08 and its two-hundred day moving average price is $16.49. The firm has a market capitalization of $653.17 million, a P/E ratio of -1.56 and a beta of 0.90. Thryv Holdings, Inc. has a 12 month low of $13.06 and a 12 month high of $26.42.

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

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Thryv in a report on Wednesday, January 15th.

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.