Pinnacle Associates Ltd. Trims Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Pinnacle Associates Ltd. cut its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRYFree Report) by 76.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,458 shares of the company’s stock after selling 219,575 shares during the quarter. Pinnacle Associates Ltd. owned 0.19% of Thryv worth $1,373,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in shares of Thryv by 73.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock valued at $27,433,000 after purchasing an additional 570,190 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Thryv by 38.7% during the 3rd quarter. American Century Companies Inc. now owns 20,814 shares of the company’s stock valued at $391,000 after purchasing an additional 5,809 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Thryv by 21.3% during the 3rd quarter. Deutsche Bank AG now owns 239,084 shares of the company’s stock valued at $4,488,000 after purchasing an additional 41,914 shares in the last quarter. Graham Capital Management L.P. purchased a new position in shares of Thryv during the 3rd quarter valued at approximately $309,000. Finally, Comerica Bank purchased a new position in shares of Thryv during the 3rd quarter valued at approximately $264,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Trading Up 1.5 %

Thryv stock opened at $22.56 on Tuesday. The company’s fifty day moving average price is $21.31 and its 200 day moving average price is $19.70. Thryv Holdings, Inc. has a 1 year low of $15.99 and a 1 year high of $26.01. 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:THRYGet Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $236.16 million for the quarter, compared to analyst estimates of $231.77 million. During the same period last year, the firm earned $1.51 EPS. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, sell-side analysts forecast that Thryv Holdings, Inc. will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on Thryv

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average price of $19.01 per share, with a total value of $95,050.00. Following the purchase, the chief executive officer now directly owns 501,172 shares in the company, valued at approximately $9,527,279.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is currently owned by corporate insiders.

Thryv Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Thryv (NASDAQ:THRY)

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