Raymond James & Associates Lowers Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Raymond James & Associates decreased its holdings in Thryv Holdings, Inc. (NASDAQ:THRY – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,748 shares of the company’s stock after selling 1,635 shares during the quarter. Raymond James & Associates owned 0.35% of Thryv worth $2,734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue boosted its stake in shares of Thryv by 77.1% in the third quarter. State of Alaska Department of Revenue now owns 21,220 shares of the company’s stock valued at $484,000 after purchasing an additional 9,235 shares during the period. SummerHaven Investment Management LLC purchased a new position in shares of Thryv in the third quarter valued at approximately $783,000. Louisiana State Employees Retirement System purchased a new position in shares of Thryv in the third quarter valued at approximately $333,000. Legal & General Group Plc lifted its stake in Thryv by 6.0% in the second quarter. Legal & General Group Plc now owns 41,788 shares of the company’s stock worth $935,000 after acquiring an additional 2,360 shares during the last quarter. Finally, ExodusPoint Capital Management LP lifted its stake in Thryv by 163.8% in the second quarter. ExodusPoint Capital Management LP now owns 34,544 shares of the company’s stock worth $773,000 after acquiring an additional 21,450 shares during the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.

Thryv Stock Up 3.6 %

THRY stock opened at $21.00 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.03. Thryv Holdings, Inc. has a twelve month low of $17.30 and a twelve month high of $33.05. The company’s 50 day moving average is $18.94 and its two-hundred day moving average is $21.95. The stock has a market cap of $723.98 million, a P/E ratio of 7.02 and a beta of 0.95.

Thryv (NASDAQ:THRY – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.16). The company had revenue of $280.65 million for the quarter, compared to analyst estimates of $260.11 million. Thryv had a return on equity of 29.21% and a net margin of 9.41%. Research analysts expect that Thryv Holdings, Inc. will post 3.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on THRY. William Blair reiterated an “outperform” rating on shares of Thryv in a research note on Thursday, November 3rd. Robert W. Baird decreased their price target on shares of Thryv from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, November 7th. Finally, B. Riley decreased their price target on shares of Thryv from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, October 24th.

Insider Activity

In other news, CEO Joe Walsh acquired 10,000 shares of the company’s stock in a transaction on Thursday, December 8th. The shares were bought at an average cost of $17.65 per share, with a total value of $176,500.00. Following the purchase, the chief executive officer now owns 369,431 shares of the company’s stock, valued at approximately $6,520,457.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.40% of the company’s stock.

Thryv Company Profile

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Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.