Assenagon Asset Management S.A. Sells 54,224 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Assenagon Asset Management S.A. trimmed its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRYFree Report) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 166,122 shares of the company’s stock after selling 54,224 shares during the period. Assenagon Asset Management S.A. owned approximately 0.40% of Thryv worth $2,459,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in THRY. American Century Companies Inc. lifted its stake in Thryv by 18.7% during the second quarter. American Century Companies Inc. now owns 46,494 shares of the company’s stock worth $829,000 after purchasing an additional 7,328 shares during the period. Renaissance Technologies LLC bought a new position in shares of Thryv during the 2nd quarter worth approximately $2,816,000. XTX Topco Ltd acquired a new stake in Thryv in the 2nd quarter valued at $190,000. Sei Investments Co. grew its position in Thryv by 1.1% in the second quarter. Sei Investments Co. now owns 120,249 shares of the company’s stock valued at $2,143,000 after acquiring an additional 1,284 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in Thryv by 8.0% during the second quarter. Public Sector Pension Investment Board now owns 69,374 shares of the company’s stock worth $1,236,000 after acquiring an additional 5,164 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Price Performance

Shares of THRY stock opened at $16.19 on Thursday. Thryv Holdings, Inc. has a 52 week low of $13.06 and a 52 week high of $26.42. The stock has a market capitalization of $680.71 million, a PE ratio of -1.67 and a beta of 0.88. 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 stock’s fifty day moving average is $15.07 and its 200-day moving average is $16.60.

Thryv (NASDAQ:THRYGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The company had revenue of $179.85 million for the quarter, compared to the consensus estimate of $179.24 million. During the same period in the prior year, the company earned ($0.78) EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Equities research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on THRY. Robert W. Baird reduced their target price 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. Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Thryv in a research report on Wednesday, January 15th. Finally, Craig Hallum assumed coverage on shares of Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective for the company.

Read Our Latest Analysis on THRY

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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