Thryv Holdings, Inc. (NASDAQ:THRY) Stock Position Decreased by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 767,137 shares of the company’s stock after selling 49,074 shares during the quarter. Geode Capital Management LLC owned approximately 1.82% of Thryv worth $13,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in THRY. Louisiana State Employees Retirement System boosted its position in shares of Thryv by 3.8% during the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the company’s stock worth $284,000 after buying an additional 600 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Thryv by 5.2% in the third quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock valued at $335,000 after buying an additional 960 shares during the period. The Manufacturers Life Insurance Company grew its position in Thryv by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock worth $225,000 after purchasing an additional 1,078 shares in the last quarter. Sei Investments Co. boosted its position in Thryv by 1.1% during the 2nd quarter. Sei Investments Co. now owns 120,249 shares of the company’s stock worth $2,143,000 after acquiring an additional 1,284 shares during the period. Finally, KBC Group NV lifted its position in shares of Thryv by 97.8% in the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after purchasing an additional 1,418 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on THRY. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, December 4th. Robert W. Baird dropped their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Craig Hallum began coverage on shares of Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective for the company.

Thryv Stock Down 3.1 %

THRY opened at $14.38 on Tuesday. Thryv Holdings, Inc. has a twelve month low of $13.06 and a twelve month high of $26.42. 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 has a 50 day moving average price of $15.40 and a 200 day moving average price of $16.97. The firm has a market cap of $604.61 million, a P/E ratio of -1.49 and a beta of 0.86.

Thryv (NASDAQ:THRY) last released its quarterly 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 firm had revenue of $179.85 million for the quarter, compared to the consensus estimate of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.78) earnings per share. Research analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Thryv 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.