Thryv Holdings, Inc. (NASDAQ:THRY) Stake Trimmed by Alliancebernstein L.P.

Alliancebernstein L.P. cut its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 79.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,929 shares of the company’s stock after selling 128,450 shares during the quarter. Alliancebernstein L.P. owned 0.08% of Thryv worth $487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Thryv by 22.5% in the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock worth $44,155,000 after purchasing an additional 548,864 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Thryv by 31.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company’s stock valued at $16,135,000 after buying an additional 262,111 shares during the period. LB Partners LLC purchased a new stake in Thryv in the 4th quarter worth approximately $2,956,000. Peregrine Capital Management LLC boosted its stake in shares of Thryv by 91.0% during the 4th quarter. Peregrine Capital Management LLC now owns 396,038 shares of the company’s stock valued at $5,861,000 after buying an additional 188,718 shares during the period. Finally, Brooktree Capital Management grew its holdings in shares of Thryv by 24.7% during the 4th quarter. Brooktree Capital Management now owns 508,307 shares of the company’s stock valued at $7,523,000 after acquiring an additional 100,577 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Thursday, April 10th. Royal Bank of Canada began coverage on shares of Thryv in a research report on Thursday, March 27th. They issued a “sector perform” rating and a $17.00 target price for the company.

Thryv Price Performance

Shares of THRY stock opened at $12.07 on Monday. The firm has a market cap of $523.49 million, a price-to-earnings ratio of -1.25 and a beta of 1.03. The stock’s fifty day simple moving average is $15.06 and its 200 day simple moving average is $15.61. Thryv Holdings, Inc. has a one year low of $10.03 and a one year high of $26.42. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04.

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

Thryv Company 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.