KLP Kapitalforvaltning AS Buys Shares of 6,200 Thryv Holdings, Inc. (NASDAQ:THRY)

KLP Kapitalforvaltning AS purchased a new position in Thryv Holdings, Inc. (NASDAQ:THRY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,200 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its holdings in Thryv by 397.0% during the third quarter. Barclays PLC now owns 66,126 shares of the company’s stock worth $1,140,000 after buying an additional 52,821 shares during the period. State of Alaska Department of Revenue boosted its position in Thryv by 17.7% during the fourth quarter. State of Alaska Department of Revenue now owns 22,920 shares of the company’s stock valued at $339,000 after purchasing an additional 3,447 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Thryv by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 222,177 shares of the company’s stock valued at $3,828,000 after purchasing an additional 28,909 shares during the last quarter. Amalgamated Bank lifted its position in shares of Thryv by 17.6% during the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock valued at $169,000 after buying an additional 1,715 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Thryv by 21.7% in the 4th quarter. Principal Financial Group Inc. now owns 196,522 shares of the company’s stock valued at $2,909,000 after buying an additional 35,073 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors.

Thryv Stock Down 3.8 %

Shares of THRY stock opened at $11.29 on Friday. The stock’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $15.85. The firm has a market capitalization of $489.66 million, a PE ratio of -1.17 and a beta of 1.03. Thryv Holdings, Inc. has a fifty-two week low of $10.03 and a fifty-two week 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.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.26. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm had revenue of $186.60 million for the quarter, compared to analyst estimates of $183.02 million. Equities analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada began coverage on shares of Thryv in a research report on Thursday, March 27th. They set a “sector perform” rating and a $17.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Thryv in a research report on Thursday.

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.